Toast, Inc. (NYSE:TOST) Given Average Recommendation of “Hold” by Brokerages

Toast, Inc. (NYSE:TOSTGet Rating) has been given a consensus rating of “Hold” by the sixteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.63.

A number of equities analysts have recently weighed in on TOST shares. Credit Suisse Group increased their target price on Toast to $21.50 in a research note on Wednesday, November 16th. Piper Sandler lowered their price objective on Toast from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday. William Blair reaffirmed an “outperform” rating on shares of Toast in a report on Thursday, November 10th. KeyCorp raised their target price on Toast from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, November 11th. Finally, The Goldman Sachs Group cut their price objective on Toast from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday.

Insider Activity at Toast

In related news, General Counsel Brian R. Elworthy sold 100,000 shares of the business’s stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of $20.07, for a total value of $2,007,000.00. Following the completion of the sale, the general counsel now directly owns 341,941 shares of the company’s stock, valued at approximately $6,862,755.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Toast news, insider James Michael Matlock sold 25,991 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $21.18, for a total transaction of $550,489.38. Following the completion of the sale, the insider now directly owns 38,704 shares of the company’s stock, valued at approximately $819,750.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Brian R. Elworthy sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $20.07, for a total value of $2,007,000.00. Following the sale, the general counsel now directly owns 341,941 shares of the company’s stock, valued at $6,862,755.87. The disclosure for this sale can be found here. Insiders sold 9,455,563 shares of company stock valued at $171,714,333 in the last three months. Corporate insiders own 20.16% of the company’s stock.

Institutional Trading of Toast

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ocean Capital Management LLC increased its holdings in Toast by 9.0% during the 3rd quarter. Ocean Capital Management LLC now owns 14,385 shares of the company’s stock worth $244,000 after purchasing an additional 1,185 shares in the last quarter. Trinity Financial Advisors LLC increased its holdings in Toast by 6.4% during the 3rd quarter. Trinity Financial Advisors LLC now owns 22,693 shares of the company’s stock worth $379,000 after purchasing an additional 1,365 shares in the last quarter. Stephens Inc. AR increased its holdings in Toast by 6.8% during the 3rd quarter. Stephens Inc. AR now owns 21,654 shares of the company’s stock worth $362,000 after purchasing an additional 1,378 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Toast by 12.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,011 shares of the company’s stock worth $218,000 after purchasing an additional 1,396 shares in the last quarter. Finally, Utah Retirement Systems increased its holdings in Toast by 11.9% during the 3rd quarter. Utah Retirement Systems now owns 13,200 shares of the company’s stock worth $221,000 after purchasing an additional 1,400 shares in the last quarter. 50.82% of the stock is owned by institutional investors.

Toast Stock Performance

Shares of NYSE TOST opened at $18.32 on Wednesday. The stock has a 50 day moving average price of $18.41 and a 200 day moving average price of $17.90. Toast has a 52 week low of $11.91 and a 52 week high of $30.94. The stock has a market capitalization of $9.38 billion, a PE ratio of -25.10 and a beta of 1.58.

Toast (NYSE:TOSTGet Rating) last released its quarterly earnings data on Thursday, November 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.03. Toast had a negative return on equity of 25.85% and a negative net margin of 6.99%. The company had revenue of $752.00 million during the quarter, compared to analysts’ expectations of $714.61 million. As a group, research analysts forecast that Toast will post -0.52 EPS for the current year.

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.

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Analyst Recommendations for Toast (NYSE:TOST)

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