Brokerages Set Toast, Inc. (NYSE:TOST) Target Price at $40.91

Shares of Toast, Inc. (NYSE:TOST - Get Free Report) have earned a consensus rating of "Hold" from the twenty-four ratings firms that are currently covering the stock, Marketbeat reports. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $40.91.

Several research analysts have commented on TOST shares. UBS Group lifted their price target on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. The Goldman Sachs Group dropped their price target on shares of Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price target on shares of Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and set a $50.00 price target on shares of Toast in a research report on Thursday, February 20th. Finally, Robert W. Baird boosted their price target on Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th.

Toast Stock Performance

TOST traded up $1.08 on Friday, hitting $43.95. The company had a trading volume of 18,207,877 shares, compared to its average volume of 6,883,670. The stock has a fifty day moving average price of $34.89 and a 200-day moving average price of $37.05. The stock has a market capitalization of $21.86 billion, a price-to-earnings ratio of -4,390.61, a P/E/G ratio of 2.16 and a beta of 1.98. Toast has a 12-month low of $21.32 and a 12-month high of $45.53.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Analysts forecast that Toast will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the sale, the director now directly owns 164,796 shares of the company's stock, valued at approximately $5,884,865.16. The trade was a 29.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Stephen Fredette sold 70,340 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the sale, the president now directly owns 1,574,316 shares in the company, valued at approximately $53,322,082.92. The trade was a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 335,991 shares of company stock valued at $11,614,520 over the last 90 days. 13.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank acquired a new stake in Toast in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in Toast during the fourth quarter worth $34,000. Wayfinding Financial LLC bought a new position in shares of Toast in the first quarter valued at $34,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Toast in the fourth quarter valued at $35,000. 82.91% of the stock is owned by institutional investors.

About Toast

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.