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

Shares of Toast, Inc. (NYSE:TOST) have been given a consensus rating of “Moderate Buy” by the twenty-four analysts that are presently covering the firm, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $41.21.

TOST has been the subject of a number of analyst reports. BNP Paribas set a $37.00 price target on Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Robert W. Baird increased their price target on Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Canaccord Genuity Group raised their target price on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Morgan Stanley raised their target price on Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Finally, Keefe, Bruyette & Woods raised their target price on Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th.

Insider Buying and Selling

In other Toast news, Director Paul D. Bell sold 11,000 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $45.13, for a total value of $496,430.00. Following the completion of the transaction, the director now owns 229,680 shares in the company, valued at $10,365,458.40. This trade represents a 4.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deval L. Patrick sold 34,222 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the transaction, the director now owns 13,260 shares of the company’s stock, valued at approximately $437,712.60. This represents a 72.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 716,991 shares of company stock valued at $28,022,750. 13.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TOST. Barclays PLC boosted its stake in Toast by 38.0% in the 3rd quarter. Barclays PLC now owns 309,426 shares of the company’s stock worth $8,758,000 after purchasing an additional 85,171 shares during the period. Janney Montgomery Scott LLC boosted its stake in Toast by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 38,964 shares of the company’s stock worth $1,420,000 after purchasing an additional 551 shares during the period. Blue Trust Inc. boosted its stake in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares during the period. Caprock Group LLC bought a new position in Toast in the 4th quarter worth about $229,000. Finally, Chicago Capital LLC bought a new position in Toast in the 4th quarter worth about $317,000. Institutional investors own 82.91% of the company’s stock.

Toast Trading Down 3.1%

NYSE TOST opened at $41.66 on Wednesday. The firm has a market capitalization of $20.74 billion, a P/E ratio of -4,161.44, a PEG ratio of 2.16 and a beta of 1.98. The business has a fifty day simple moving average of $37.41 and a 200 day simple moving average of $37.99. Toast has a 12 month low of $21.32 and a 12 month high of $45.56.

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.