Toast, Inc. (NYSE:TOST) Receives $32.75 Average PT from Analysts

Toast, Inc. (NYSE:TOST) has been given an average recommendation of “Hold” by the twenty-one ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.75.

A number of analysts have recently commented on the company. Wedbush boosted their price objective on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America raised their price target on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Wells Fargo & Company boosted their price target on shares of Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Robert W. Baird upped their price target on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Piper Sandler raised their price target on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, November 11th.

Toast Stock Down 1.9 %

Shares of NYSE:TOST opened at $39.82 on Friday. Toast has a 52 week low of $13.77 and a 52 week high of $41.05. The stock has a market capitalization of $18.76 billion, a P/E ratio of -306.23 and a beta of 1.74. The firm has a fifty day simple moving average of $29.75 and a two-hundred day simple moving average of $26.57.

Insider Transactions at Toast

In other Toast news, CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the completion of the transaction, the executive now directly owns 39,834 shares of the company’s stock, valued at $1,238,040.72. The trade was a 3.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Stephen Fredette sold 101,574 shares of Toast stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $25.73, for a total transaction of $2,613,499.02. Following the sale, the president now directly owns 2,395,685 shares of the company’s stock, valued at $61,640,975.05. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,475,651 shares of company stock worth $43,037,212 in the last 90 days. Corporate insiders own 13.32% of the company’s stock.

Hedge Funds Weigh In On Toast

Several hedge funds and other institutional investors have recently made changes to their positions in TOST. Stephens Investment Management Group LLC increased its holdings in shares of Toast by 13.1% during the third quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock worth $53,358,000 after buying an additional 218,959 shares in the last quarter. Entropy Technologies LP bought a new stake in Toast during the 3rd quarter worth $894,000. QRG Capital Management Inc. increased its holdings in Toast by 39.7% in the 2nd quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock worth $2,190,000 after purchasing an additional 24,164 shares in the last quarter. Epoch Investment Partners Inc. bought a new position in Toast in the first quarter valued at about $633,000. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Toast by 29.3% during the third quarter. Harbor Capital Advisors Inc. now owns 103,110 shares of the company’s stock valued at $2,919,000 after purchasing an additional 23,345 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.