Toast, Inc. (NYSE:TOST) Receives Average Rating of "Moderate Buy" from Analysts

Toast, Inc. (NYSE:TOST - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-four research firms that are presently covering the company, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.21.

Several brokerages recently weighed in on TOST. DA Davidson decreased their target price on Toast from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Evercore ISI began coverage on Toast in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 price target for the company. The Goldman Sachs Group decreased their price target on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company increased their price target on Toast from $39.00 to $46.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, BMO Capital Markets increased their price objective on Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th.

Toast Stock Up 3.3%

Shares of TOST stock opened at $43.89 on Friday. The stock has a 50-day simple moving average of $40.87 and a 200 day simple moving average of $38.20. Toast has a fifty-two week low of $22.10 and a fifty-two week high of $45.56. The stock has a market capitalization of $21.86 billion, a P/E ratio of 190.84 and a beta of 2.02.

Insider Transactions at Toast

In related news, General Counsel Brian R. Elworthy sold 300,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $42.60, for a total transaction of $12,780,000.00. Following the sale, the general counsel now owns 216,156 shares of the company's stock, valued at $9,208,245.60. This represents a 58.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $34.21, for a total value of $2,394,700.00. Following the sale, the director now directly owns 179,316 shares in the company, valued at $6,134,400.36. This represents a 28.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 468,212 shares of company stock worth $19,551,906. Company insiders own 13.32% of the company's stock.

Institutional Investors Weigh In On Toast

A number of large investors have recently added to or reduced their stakes in TOST. Truist Financial Corp grew its position in Toast by 13.4% during the fourth quarter. Truist Financial Corp now owns 28,698 shares of the company's stock worth $1,046,000 after buying an additional 3,397 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Toast by 3.2% in the 4th quarter. Private Advisor Group LLC now owns 29,039 shares of the company's stock valued at $1,058,000 after purchasing an additional 888 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Toast by 8.2% in the 4th quarter. IFP Advisors Inc now owns 10,002 shares of the company's stock valued at $369,000 after purchasing an additional 762 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Toast by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,167,741 shares of the company's stock valued at $79,014,000 after purchasing an additional 32,582 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Toast by 3.8% in the 4th quarter. Amalgamated Bank now owns 30,746 shares of the company's stock valued at $1,121,000 after purchasing an additional 1,138 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

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.

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