Toast (NYSE:TOST) Price Target Increased to $30.00 by Analysts at Robert W. Baird

Toast (NYSE:TOST) had its price objective upped by Robert W. Baird from $28.00 to $30.00 in a report published on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently weighed in on TOST. Royal Bank of Canada reaffirmed a sector perform rating and set a $27.00 target price on shares of Toast in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Toast from $25.00 to $28.00 and gave the stock a neutral rating in a research note on Tuesday, August 20th. Bank of America upped their target price on shares of Toast from $26.00 to $28.00 and gave the stock a neutral rating in a research note on Tuesday, September 17th. Morgan Stanley upped their target price on shares of Toast from $29.00 to $30.00 and gave the stock an overweight rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group reaffirmed a buy rating and set a $29.00 target price on shares of Toast in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $28.67.

Toast Stock Performance

Toast stock opened at $28.15 on Monday. The company’s 50 day simple moving average is $25.70 and its 200-day simple moving average is $25.00. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of -56.30 and a beta of 1.76. Toast has a 1 year low of $13.77 and a 1 year high of $29.92.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The business’s revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.19) EPS. Equities analysts expect that Toast will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Aman Narang sold 1,856 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total transaction of $44,544.00. Following the completion of the sale, the chief executive officer now owns 1,132,708 shares in the company, valued at $27,184,992. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Toast news, CEO Aman Narang sold 1,856 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total transaction of $44,544.00. Following the completion of the transaction, the chief executive officer now owns 1,132,708 shares in the company, valued at approximately $27,184,992. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Stephen Fredette sold 1,127 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total transaction of $27,048.00. Following the transaction, the president now owns 2,849,709 shares of the company’s stock, valued at approximately $68,393,016. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 930,562 shares of company stock worth $24,371,059 in the last 90 days. Company insiders own 13.32% of the company’s stock.

Hedge Funds Weigh In On Toast

A number of large investors have recently bought and sold shares of TOST. Susquehanna Fundamental Investments LLC purchased a new position in shares of Toast in the 1st quarter valued at about $5,078,000. Syon Capital LLC purchased a new position in shares of Toast in the 4th quarter valued at about $377,000. WoodTrust Financial Corp purchased a new position in shares of Toast in the 1st quarter valued at about $754,000. QRG Capital Management Inc. increased its holdings in shares of Toast by 39.7% in the 2nd quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock valued at $2,190,000 after purchasing an additional 24,164 shares in the last quarter. Finally, Integrated Advisors Network LLC purchased a new position in Toast during the 4th quarter valued at about $186,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Company Profile

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.