Analysts Set Toast, Inc. (NYSE:TOST) PT at $40.48

Toast, Inc. (NYSE:TOST) has received a consensus recommendation of “Hold” from the twenty-two analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $40.48.

Several brokerages recently issued reports on TOST. DA Davidson reissued a “neutral” rating and issued a $38.00 price target (down previously from $44.00) on shares of Toast in a report on Thursday, December 5th. Wells Fargo & Company raised their price target on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Robert W. Baird raised their price target on Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Morgan Stanley raised their price target on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada raised their price target on Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th.

Insider Activity

In related news, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the transaction, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the transaction, the president now owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 270,770 shares of company stock worth $9,409,211. 13.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Toast

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in shares of Toast by 120.4% in 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 last quarter. Piscataqua Savings Bank purchased a new position in shares of Toast during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Toast during the fourth quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Toast during the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Toast during the fourth quarter valued at $40,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Trading Down 1.9 %

Shares of TOST opened at $35.20 on Friday. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of -3,516.78, a PEG ratio of 2.16 and a beta of 1.99. The stock has a 50 day moving average of $37.82 and a 200-day moving average of $35.15. Toast has a 52 week low of $21.32 and a 52 week high of $44.12.

Toast (NYSE:TOST) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 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%. On average, sell-side analysts predict that Toast will post 0.39 earnings per share for the current fiscal year.

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.