Toast (NYSE:TOST) Upgraded at Wall Street Zen

Toast (NYSE:TOST - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

A number of other research analysts also recently commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. BNP Paribas set a $37.00 price objective on shares of Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their target price on shares of Toast from $39.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Robert W. Baird raised their price objective on Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Finally, Wolfe Research upgraded Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price for the company in a research note on Wednesday, April 23rd. Twelve research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.91.

Toast Trading Up 0.6%

Shares of NYSE:TOST traded up $0.26 on Friday, hitting $42.75. The company had a trading volume of 7,276,075 shares, compared to its average volume of 6,858,140. The company has a market cap of $21.29 billion, a PE ratio of -4,270.73, a PEG ratio of 2.16 and a beta of 1.98. The business has a 50 day moving average of $36.63 and a 200 day moving average of $37.87. Toast has a 52-week low of $21.32 and a 52-week high of $45.56.

Insider Activity

In other Toast news, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the transaction, the director now owns 13,260 shares of the company's stock, valued at $437,712.60. The trade was a 72.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul D. Bell sold 11,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $45.13, for a total transaction of $496,430.00. Following the transaction, the director now directly owns 229,680 shares in the company, valued at $10,365,458.40. The trade was a 4.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 416,991 shares of company stock worth $15,242,750 over the last 90 days. 13.32% of the stock is currently owned by company insiders.

Institutional Trading of Toast

A number of institutional investors have recently bought and sold shares of TOST. IFM Investors Pty Ltd lifted its stake in shares of Toast by 1.5% in the 1st quarter. IFM Investors Pty Ltd now owns 64,853 shares of the company's stock valued at $2,151,000 after purchasing an additional 948 shares during the last quarter. Intech Investment Management LLC increased its stake in Toast by 547.7% during the first quarter. Intech Investment Management LLC now owns 411,041 shares of the company's stock valued at $13,634,000 after acquiring an additional 347,576 shares during the period. Capital Impact Advisors LLC acquired a new position in shares of Toast in the first quarter valued at $7,353,000. Bayforest Capital Ltd lifted its holdings in shares of Toast by 213.8% during the 1st quarter. Bayforest Capital Ltd now owns 30,116 shares of the company's stock worth $999,000 after acquiring an additional 20,518 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Toast by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,760,142 shares of the company's stock valued at $58,384,000 after purchasing an additional 108,234 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

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.