Toast (NYSE:TOST) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Toast (NYSE:TOST) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

A number of other research firms have also issued reports on TOST. Wolfe Research lowered Toast from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Loop Capital started coverage on Toast in a research note on Tuesday, March 31st. They issued a “hold” rating and a $26.00 target price for the company. Wells Fargo & Company lowered their target price on Toast from $47.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Citigroup lowered their target price on Toast from $51.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Oppenheimer lowered their target price on Toast from $48.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Toast currently has a consensus rating of “Moderate Buy” and an average price target of $39.48.

Toast Price Performance

Toast stock opened at $27.92 on Tuesday. The stock’s 50-day moving average is $27.52 and its 200-day moving average is $32.29. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 51.71 and a beta of 1.90. Toast has a 12 month low of $24.35 and a 12 month high of $49.66.

Toast (NYSE:TOST) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Toast had a return on equity of 18.14% and a net margin of 5.56%.The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. Research analysts anticipate that Toast will post 0.81 EPS for the current year.

Toast announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 12th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, General Counsel Brian R. Elworthy sold 3,664 shares of Toast stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total value of $95,960.16. Following the completion of the transaction, the general counsel owned 243,642 shares in the company, valued at approximately $6,380,983.98. This trade represents a 1.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aman Narang sold 13,463 shares of Toast stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total value of $352,595.97. Following the completion of the transaction, the chief executive officer owned 54,013 shares of the company’s stock, valued at approximately $1,414,600.47. The trade was a 19.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 46,030 shares of company stock worth $1,231,451 over the last quarter. Corporate insiders own 12.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bayban acquired a new position in shares of Toast in the 4th quarter worth approximately $25,000. Quent Capital LLC bought a new stake in shares of Toast in the 3rd quarter worth approximately $27,000. SHP Wealth Management bought a new stake in shares of Toast in the 4th quarter worth approximately $29,000. Strive Financial Group LLC bought a new stake in shares of Toast in the 4th quarter worth approximately $29,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of Toast in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Trending Headlines about Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: BMO Capital initiated coverage with an outperform / strong‑buy stance, signalling renewed analyst conviction that Toast can deliver above‑market returns; this helped lift bullish interest in the name. BMO Coverage
• Positive Sentiment: Seeking Alpha argues Toast is a high‑growth specialist with AI integration, expanding enterprise wins and a shift to higher‑margin software/fintech services — factors that support better long‑term economics and justify recent bullish analyst actions. SA: AI Tailwinds
• Positive Sentiment: Zacks and other outlets have upgraded the name and highlighted recent upside in the stock, reinforcing momentum among growth investors. Zacks Coverage
• Neutral Sentiment: Toast set a release date for Q1 2026 earnings (after market close on May 7) and will host a conference call — an upcoming catalyst that could increase volatility and drive short‑term price moves. Earnings Release
• Neutral Sentiment: Coverage and feature pieces (e.g., “More Than Just a POS” and “2 Reasons to Like TOST…”) outline growth drivers and potential headwinds — useful context but not immediate drivers of the intraday move. SA: More Than POS
• Neutral Sentiment: Partnerships and customer wins (e.g., Alicart Group) support execution stories but are incremental vs. the larger macro/earnings narrative. Alicart Partnership
• Negative Sentiment: Insider selling disclosed: Director Deval L. Patrick sold 1,667 shares in January (filed with the SEC). While a relatively small transaction vs. his total holdings, insider sales can unsettle investors sensitive to governance/signaling. Insider Sale
• Negative Sentiment: Coverage pieces noting Toast “finally cracks profit” also warn of concentration risk on restaurant spending and competition — themes that could pressure sentiment ahead of the earnings print. Profit But Risks

About Toast

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.