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

Toast, Inc. (NYSE:TOST – Get Rating) has been given an average recommendation of “Hold” by the seventeen analysts that are presently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $22.47.

TOST has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Toast in a research report on Thursday, April 6th. They set a “hold” rating and a $20.00 target price on the stock. BNP Paribas began coverage on Toast in a research note on Thursday, March 23rd. They issued a “neutral” rating and a $16.00 price target for the company. Needham & Company LLC lowered their price target on Toast from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 17th. KeyCorp lowered their price target on Toast from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, April 5th. Finally, Sumitomo Mitsui Financial Group cut Toast from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $26.00 to $23.00 in a research note on Friday, February 17th.

Insider Activity

In other news, COO Aman Narang sold 120,000 shares of Toast stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $20.72, for a total value of $2,486,400.00. Following the sale, the chief operating officer now directly owns 1,613,635 shares in the company, valued at $33,434,517.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Aman Narang sold 120,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $20.72, for a total value of $2,486,400.00. Following the completion of the transaction, the chief operating officer now directly owns 1,613,635 shares of the company’s stock, valued at $33,434,517.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Fredette sold 1,485 shares of the firm’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $17.86, for a total transaction of $26,522.10. Following the completion of the transaction, the insider now directly owns 3,425,063 shares of the company’s stock, valued at $61,171,625.18. The disclosure for this sale can be found here. Insiders have sold 391,624 shares of company stock worth $7,509,569 over the last ninety days. Insiders own 20.16% of the company’s stock.

Hedge Funds Weigh In On Toast

Hedge funds and other institutional investors have recently made changes to their positions in the company. Whittier Trust Co. boosted its position in Toast by 365.0% during the first quarter. Whittier Trust Co. now owns 1,660 shares of the company’s stock worth $29,000 after purchasing an additional 1,303 shares during the period. PNC Financial Services Group Inc. boosted its position in Toast by 277.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,710 shares of the company’s stock worth $31,000 after purchasing an additional 1,257 shares during the period. Spire Wealth Management boosted its position in Toast by 2,196.0% during the first quarter. Spire Wealth Management now owns 2,296 shares of the company’s stock worth $41,000 after purchasing an additional 2,196 shares during the period. Neo Ivy Capital Management bought a new position in Toast during the third quarter worth $45,000. Finally, American International Group Inc. bought a new position in Toast during the second quarter worth $46,000. 50.82% of the stock is owned by institutional investors.

Toast Trading Down 0.3 %

Toast stock opened at $19.43 on Tuesday. Toast has a 1 year low of $12.15 and a 1 year high of $26.03. The company has a market cap of $10.24 billion, a PE ratio of -29.89 and a beta of 1.75. The company’s 50-day moving average is $17.73 and its two-hundred day moving average is $19.02.

Toast (NYSE:TOST – Get Rating) last released its earnings results on Tuesday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Toast had a negative net margin of 10.03% and a negative return on equity of 24.30%. The company had revenue of $819.00 million for the quarter, compared to the consensus estimate of $763.11 million. During the same period in the prior year, the company posted ($0.20) EPS. The company’s revenue was up 53.1% compared to the same quarter last year. Research analysts forecast that Toast will post -0.6 EPS for the current year.

Toast Company Profile

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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.