Toast (NYSE:TOST) PT Raised to $25.00

Toast (NYSE:TOST - Free Report) had its price target lifted by Piper Sandler from $20.00 to $25.00 in a report issued on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Evercore ISI began coverage on shares of Toast in a research report on Monday, March 4th. They set an outperform rating and a $32.00 price objective for the company. Redburn Atlantic upgraded shares of Toast from a neutral rating to a buy rating and set a $28.00 price target on the stock in a research note on Wednesday, February 7th. BNP Paribas upgraded Toast from a neutral rating to an outperform rating and set a $30.00 price objective for the company in a research report on Thursday, March 7th. Needham & Company LLC upped their target price on shares of Toast from $26.00 to $30.00 and gave the company a buy rating in a research report on Wednesday. Finally, Mizuho upped their price objective on Toast from $17.00 to $21.00 and gave the company a neutral rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $25.80.

Toast Stock Performance

Toast stock remained flat at $26.82 during trading hours on Thursday. The company's stock had a trading volume of 15,001,420 shares, compared to its average volume of 8,284,737. The stock has a market capitalization of $12.10 billion, a P/E ratio of -52.59 and a beta of 1.77. The business's 50 day moving average price is $23.71 and its 200-day moving average price is $19.57. Toast has a fifty-two week low of $13.77 and a fifty-two week high of $27.57.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted ($0.16) EPS. Toast's revenue for the quarter was up 31.3% on a year-over-year basis. On average, equities research analysts predict that Toast will post -0.22 earnings per share for the current year.

Insider Activity

In related news, insider James Michael Matlock sold 4,151 shares of the company's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $23.19, for a total value of $96,261.69. Following the completion of the transaction, the insider now owns 46,510 shares of the company's stock, valued at approximately $1,078,566.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider James Michael Matlock sold 4,151 shares of the company's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $23.19, for a total transaction of $96,261.69. Following the completion of the sale, the insider now owns 46,510 shares of the company's stock, valued at $1,078,566.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Jonathan Vassil sold 50,000 shares of the business's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $22.90, for a total transaction of $1,145,000.00. Following the transaction, the executive now owns 25,422 shares in the company, valued at $582,163.80. The disclosure for this sale can be found here. Insiders have sold 180,510 shares of company stock worth $4,381,885 in the last ninety days. Company insiders own 13.32% of the company's stock.

Institutional Investors Weigh In On Toast

A number of institutional investors have recently made changes to their positions in TOST. Park Avenue Securities LLC boosted its position in shares of Toast by 1.0% during the first quarter. Park Avenue Securities LLC now owns 43,357 shares of the company's stock worth $1,080,000 after buying an additional 436 shares during the period. Wellington Shields & Co. LLC grew its holdings in shares of Toast by 3.1% in the first quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company's stock valued at $416,000 after purchasing an additional 500 shares in the last quarter. Brown Advisory Inc. increased its stake in Toast by 2.6% during the 3rd quarter. Brown Advisory Inc. now owns 26,861 shares of the company's stock worth $503,000 after buying an additional 675 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Toast by 5.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company's stock worth $255,000 after buying an additional 774 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Toast by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 155,598 shares of the company's stock valued at $2,914,000 after buying an additional 790 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.