Toast, Inc. (NYSE:TOST) Receives Average Recommendation of “Hold” from Analysts

Toast, Inc. (NYSE:TOSTGet Rating) has earned an average recommendation of “Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $33.40.

Several equities analysts recently weighed in on the stock. Needham & Company LLC cut their target price on shares of Toast from $70.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 16th. Piper Sandler cut their target price on shares of Toast from $48.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, February 16th. Zacks Investment Research raised shares of Toast from a “sell” rating to a “hold” rating in a research note on Friday, January 7th. Moffett Nathanson began coverage on shares of Toast in a research note on Tuesday, April 5th. They set a “sell” rating and a $19.00 target price for the company. Finally, Robert W. Baird began coverage on shares of Toast in a research note on Monday, March 14th. They issued an “outperform” rating and a $25.00 price objective for the company.

Shares of TOST stock traded down $0.32 on Monday, hitting $19.30. 3,697,076 shares of the stock traded hands, compared to its average volume of 4,613,784. The firm has a 50 day simple moving average of $20.70 and a two-hundred day simple moving average of $33.56. Toast has a 52 week low of $15.82 and a 52 week high of $69.93.

Toast (NYSE:TOSTGet Rating) last posted its earnings results on Tuesday, February 15th. The company reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.27). The company had revenue of $512.00 million for the quarter, compared to the consensus estimate of $484.55 million. Equities research analysts expect that Toast will post -0.99 earnings per share for the current fiscal year.

In other news, COO Aman Narang sold 182,762 shares of the business’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $30.08, for a total value of $5,497,480.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Jonathan Grimm sold 1,918 shares of the business’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $23.66, for a total transaction of $45,379.88. Following the completion of the sale, the chief technology officer now owns 4,332 shares of the company’s stock, valued at approximately $102,495.12. The disclosure for this sale can be found here. Insiders sold a total of 229,351 shares of company stock valued at $6,592,315 in the last 90 days.

Several large investors have recently bought and sold shares of the company. Lead Edge Capital Management LLC grew its position in shares of Toast by 25,906.8% in the 4th quarter. Lead Edge Capital Management LLC now owns 13,003,407 shares of the company’s stock worth $406,226,000 after buying an additional 12,953,407 shares during the last quarter. Capital International Investors grew its position in Toast by 992.9% during the 4th quarter. Capital International Investors now owns 7,950,799 shares of the company’s stock worth $275,972,000 after purchasing an additional 7,223,299 shares during the last quarter. D1 Capital Partners L.P. purchased a new stake in Toast during the 4th quarter worth approximately $221,555,000. JPMorgan Chase & Co. grew its position in Toast by 50.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,166,389 shares of the company’s stock worth $144,615,000 after purchasing an additional 1,406,094 shares during the last quarter. Finally, BlackRock Inc. grew its position in Toast by 99.8% during the 4th quarter. BlackRock Inc. now owns 3,829,300 shares of the company’s stock worth $132,915,000 after purchasing an additional 1,913,023 shares during the last quarter. Institutional investors and hedge funds own 17.36% of the company’s stock.

Toast Company Profile (Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.

Further Reading

Analyst Recommendations for Toast (NYSE:TOST)

Receive News & Ratings for Toast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toast and related companies with MarketBeat.com's FREE daily email newsletter.