Shares of Toast, Inc. (NYSE:TOST – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are currently covering the company, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $45.5417.
Several equities analysts have weighed in on TOST shares. Needham & Company LLC lifted their price objective on Toast from $50.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. DA Davidson boosted their price target on Toast from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods boosted their price target on Toast from $47.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. Morgan Stanley boosted their price target on Toast from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company initiated coverage on Toast in a report on Wednesday, July 16th. They set a “buy” rating for the company.
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Toast Price Performance
Shares of NYSE TOST opened at $40.00 on Friday. The stock has a market capitalization of $20.40 billion, a PE ratio of 117.65 and a beta of 2.00. The business has a fifty day moving average price of $44.60 and a two-hundred day moving average price of $40.50. Toast has a fifty-two week low of $25.96 and a fifty-two week high of $49.66.
Toast (NYSE:TOST – Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. Toast had a net margin of 4.07% and a return on equity of 14.19%. Toast’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 earnings per share. On average, equities analysts expect that Toast will post 0.39 EPS for the current year.
Insider Activity at Toast
In other news, CFO Elena Gomez sold 34,170 shares of the business’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $42.56, for a total transaction of $1,454,275.20. Following the completion of the transaction, the chief financial officer owned 139,357 shares of the company’s stock, valued at approximately $5,931,033.92. The trade was a 19.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aman Narang sold 13,829 shares of the business’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $42.59, for a total value of $588,977.11. Following the transaction, the chief executive officer directly owned 302,498 shares of the company’s stock, valued at $12,883,389.82. This trade represents a 4.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,342 shares of company stock worth $3,804,710 in the last three months. Insiders own 12.14% of the company’s stock.
Institutional Investors Weigh In On Toast
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Roundview Capital LLC grew its position in Toast by 0.6% during the 2nd quarter. Roundview Capital LLC now owns 43,619 shares of the company’s stock worth $1,932,000 after acquiring an additional 245 shares during the last quarter. Cim LLC grew its position in Toast by 0.7% during the 2nd quarter. Cim LLC now owns 38,302 shares of the company’s stock worth $1,696,000 after acquiring an additional 273 shares during the last quarter. GAMMA Investing LLC grew its position in Toast by 7.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,139 shares of the company’s stock worth $183,000 after acquiring an additional 278 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Toast by 29.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,257 shares of the company’s stock worth $42,000 after acquiring an additional 284 shares during the last quarter. Finally, True Vision MN LLC grew its position in Toast by 3.6% during the 2nd quarter. True Vision MN LLC now owns 8,186 shares of the company’s stock worth $363,000 after acquiring an additional 285 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.
Toast Company Profile
(Get Free Report)
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.
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