Citigroup Cuts Toast (NYSE:TOST) Price Target to $42.00

Toast (NYSE:TOST) had its target price cut by Citigroup from $51.00 to $42.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

TOST has been the subject of several other research reports. JPMorgan Chase & Co. raised Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price objective for the company in a research report on Thursday, December 4th. DA Davidson lowered their price target on shares of Toast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Royal Bank Of Canada set a $45.00 price objective on shares of Toast in a report on Wednesday, November 5th. Oppenheimer lowered their target price on shares of Toast from $48.00 to $39.00 and set an “outperform” rating for the company in a report on Friday. Finally, Wells Fargo & Company cut their price target on Toast from $47.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.18.

Toast Stock Up 4.2%

Shares of TOST stock opened at $27.24 on Friday. The stock has a fifty day moving average of $33.55 and a 200 day moving average of $37.12. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 50.44 and a beta of 1.93. Toast has a 52 week low of $25.91 and a 52 week high of $49.66.

Toast (NYSE:TOST) last posted its earnings results on Thursday, February 12th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Toast had a return on equity of 18.86% and a net margin of 5.56%.The firm’s revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company posted $0.05 EPS. Equities research analysts anticipate that Toast will post 0.39 earnings per share for the current year.

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

Insiders Place Their Bets

In other Toast news, CRO Jonathan Vassil sold 66,390 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $35.86, for a total transaction of $2,380,745.40. Following the sale, the executive directly owned 84,589 shares in the company, valued at approximately $3,033,361.54. This trade represents a 43.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Aman Narang sold 8,591 shares of Toast stock in a transaction on Monday, January 5th. The stock was sold at an average price of $34.38, for a total value of $295,358.58. Following the completion of the sale, the chief executive officer directly owned 338,850 shares of the company’s stock, valued at approximately $11,649,663. The trade was a 2.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,856 shares of company stock worth $3,540,449 in the last three months. Corporate insiders own 12.14% of the company’s stock.

Institutional Trading of Toast

Several large investors have recently modified their holdings of the company. Quent Capital LLC bought a new position in shares of Toast in the 3rd quarter worth approximately $27,000. RiverPark Advisors LLC bought a new position in Toast in the second quarter worth approximately $30,000. Alpine Bank Wealth Management purchased a new position in shares of Toast during the 3rd quarter worth $30,000. Central Pacific Bank Trust Division grew its position in shares of Toast by 123.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock valued at $33,000 after acquiring an additional 521 shares during the period. Finally, Silicon Valley Capital Partners purchased a new stake in shares of Toast in the 4th quarter worth $36,000. Institutional investors own 82.91% of the company’s stock.

Trending Headlines about Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Revenue and growth: Q4 revenue was $1.63B, up ~22% year-over-year and roughly in line with consensus, signaling sustained top-line momentum that supports longer‑term ARR expansion. Read More.
• Positive Sentiment: Analyst support remains: Major firms (Citigroup and Needham) kept “Buy” ratings even after trimming targets, which can limit downside from negative headlines and signals continued institutional conviction. Read More. Read More.
• Neutral Sentiment: Board authorizes buyback: The company announced a share-repurchase authorization; the report listed $0.00 in buyback dollars (no dollar amount disclosed), so the move signals intent but lacks immediate capital deployment details. Read More.
• Neutral Sentiment: Market commentary: Bullish analyst/guest pieces argue Toast’s ARR growth, margin expansion and industry position make it resilient amid sector pressures — helpful for sentiment but not new financial data. Read More.
• Negative Sentiment: EPS miss: Toast reported EPS below consensus ($0.16 reported vs. ~$0.24 expected per consensus), which is an earnings disappointment that likely pressured some short‑term investor sentiment. Read More.
• Negative Sentiment: Price target cuts: Citigroup cut its target from $51 to $42 and Needham trimmed theirs from $60 to $35 — reductions that reduce analyst-derived upside even though both maintained Buy ratings. Read More. Read More.

Toast Company Profile

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.