Toast (NYSE:TOST) Price Target Raised to $45.00

Toast (NYSE:TOST) had its price objective upped by Wedbush from $35.00 to $45.00 in a research note published on Friday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird raised their target price on shares of Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday. Stephens raised their target price on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. The Goldman Sachs Group raised their target price on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 price objective on shares of Toast in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.30.

Toast Trading Up 1.3 %

NYSE:TOST opened at $37.96 on Friday. The firm has a fifty day simple moving average of $28.45 and a 200-day simple moving average of $26.11. Toast has a 12 month low of $13.77 and a 12 month high of $38.40. The company has a market capitalization of $17.50 billion, a P/E ratio of -291.96 and a beta of 1.74.

Insider Buying and Selling at Toast

In other Toast news, CRO Jonathan Vassil sold 1,367 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the transaction, the executive now directly owns 39,834 shares in the company, valued at $1,238,040.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Toast news, CRO Jonathan Vassil sold 1,367 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the transaction, the executive now directly owns 39,834 shares in the company, valued at $1,238,040.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Aman Narang sold 10,106 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total transaction of $280,643.62. Following the completion of the transaction, the chief executive officer now owns 968,095 shares in the company, valued at $26,883,998.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,375,651 shares of company stock worth $38,150,212 in the last ninety days. 13.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Toast

Institutional investors and hedge funds have recently made changes to their positions in the stock. West Branch Capital LLC purchased a new stake in shares of Toast in the 2nd quarter valued at approximately $26,000. LRI Investments LLC purchased a new stake in Toast during the 1st quarter worth approximately $27,000. Toth Financial Advisory Corp purchased a new stake in Toast during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toast during the 2nd quarter worth approximately $33,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Toast during the 2nd quarter worth approximately $34,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.