S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
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3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The Safest Option in Trades! (Ad)pixel
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
The Safest Option in Trades! (Ad)pixel
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The Safest Option in Trades! (Ad)pixel
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
The Safest Option in Trades! (Ad)pixel
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The Safest Option in Trades! (Ad)pixel
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
The Safest Option in Trades! (Ad)pixel
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving

Toast, Inc. (NYSE:TOST) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Toast, Inc. (NYSE:TOST - Get Rating) have been assigned an average recommendation of "Moderate Buy" from the sixteen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $24.61.

Several brokerages have recently weighed in on TOST. Robert W. Baird lifted their price target on Toast from $25.00 to $26.00 in a research report on Friday, November 11th. Credit Suisse Group lifted their price target on Toast to $21.50 in a research report on Wednesday, November 16th. KeyCorp lifted their price target on Toast from $25.00 to $26.00 and gave the company an "overweight" rating in a research report on Friday, November 11th. Mizuho upgraded Toast from a "neutral" rating to a "buy" rating and lifted their price target for the company from $22.00 to $24.00 in a research report on Monday, October 10th. Finally, UBS Group began coverage on Toast in a research report on Wednesday, September 14th. They issued a "neutral" rating and a $22.00 price target for the company.

Toast Price Performance

Shares of TOST opened at $18.22 on Tuesday. The firm has a market cap of $9.33 billion, a PE ratio of -24.96 and a beta of 1.96. The stock's fifty day moving average price is $19.10 and its two-hundred day moving average price is $17.07. Toast has a 1 year low of $11.91 and a 1 year high of $45.40.

Insider Activity


In other news, CEO Christopher P. Comparato sold 2,397 shares of the business's stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $21.18, for a total value of $50,768.46. Following the completion of the sale, the chief executive officer now owns 263,266 shares of the company's stock, valued at approximately $5,575,973.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Toast news, General Counsel Brian R. Elworthy sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $20.07, for a total transaction of $2,007,000.00. Following the completion of the transaction, the general counsel now owns 341,941 shares of the company's stock, valued at approximately $6,862,755.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher P. Comparato sold 2,397 shares of the company's stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $21.18, for a total value of $50,768.46. Following the transaction, the chief executive officer now directly owns 263,266 shares of the company's stock, valued at approximately $5,575,973.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 264,552 shares of company stock valued at $5,295,253. Insiders own 20.16% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Neo Ivy Capital Management bought a new position in shares of Toast in the 3rd quarter worth approximately $45,000. American International Group Inc. bought a new position in shares of Toast in the 2nd quarter worth approximately $46,000. Captrust Financial Advisors raised its position in shares of Toast by 44.8% in the 1st quarter. Captrust Financial Advisors now owns 4,866 shares of the company's stock worth $106,000 after acquiring an additional 1,505 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Toast in the 2nd quarter worth approximately $72,000. Finally, IFP Advisors Inc grew its stake in shares of Toast by 48.4% in the 3rd quarter. IFP Advisors Inc now owns 6,142 shares of the company's stock worth $385,000 after buying an additional 2,003 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

About Toast

(Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.

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Analyst Recommendations for Toast (NYSE:TOST)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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