Toast (NYSE:TOST) Receives “Neutral” Rating from DA Davidson

Toast (NYSE:TOST)‘s stock had its “neutral” rating reiterated by research analysts at DA Davidson in a research report issued on Thursday, MarketBeat.com reports. They presently have a $38.00 price target on the stock, down from their previous price target of $44.00. DA Davidson’s target price indicates a potential downside of 2.05% from the company’s current price.

TOST has been the subject of a number of other reports. Bank of America upped their price target on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Wednesday, November 20th. Morgan Stanley upped their price target on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Compass Point began coverage on Toast in a research report on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price for the company. Finally, Royal Bank of Canada increased their price objective on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.14.

Toast Stock Performance

Shares of Toast stock opened at $38.80 on Thursday. The stock has a market capitalization of $18.27 billion, a price-to-earnings ratio of -298.42, a price-to-earnings-growth ratio of 54.06 and a beta of 1.93. The company has a fifty day moving average of $34.32 and a 200-day moving average of $28.21. Toast has a 52-week low of $14.75 and a 52-week high of $44.12.

Insider Buying and Selling at Toast

In other Toast news, Director David Yuan sold 189,785 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the transaction, the director now owns 198,829 shares in the company, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Kent Bennett sold 22,885 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $41.96, for a total transaction of $960,254.60. Following the completion of the sale, the director now directly owns 395,706 shares in the company, valued at $16,603,823.76. This trade represents a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,688,321 shares of company stock worth $52,160,120. Insiders own 13.32% of the company’s stock.

Institutional Trading of Toast

A number of hedge funds have recently modified their holdings of TOST. Synovus Financial Corp purchased a new stake in Toast in the 3rd quarter worth approximately $425,000. Tidal Investments LLC boosted its holdings in Toast by 5.4% during the third quarter. Tidal Investments LLC now owns 14,310 shares of the company’s stock worth $405,000 after buying an additional 734 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Toast during the third quarter valued at $59,000. Sanctuary Advisors LLC purchased a new position in Toast in the third quarter valued at $327,000. Finally, Toronto Dominion Bank raised its position in shares of Toast by 35.4% in the third quarter. Toronto Dominion Bank now owns 46,319 shares of the company’s stock worth $1,311,000 after acquiring an additional 12,118 shares during the period. Hedge funds and other institutional investors 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.