Toast (NYSE:TOST) Research Coverage Started at Compass Point

Compass Point initiated coverage on shares of Toast (NYSE:TOST) in a report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $49.00 target price on the stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Stephens increased their target price on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. The Goldman Sachs Group lifted their price target on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, Piper Sandler increased their price target on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.86.

Toast Trading Up 0.8 %

Shares of NYSE TOST opened at $42.72 on Wednesday. The stock has a 50 day moving average of $31.12 and a 200-day moving average of $27.05. Toast has a 12 month low of $13.92 and a 12 month high of $43.29. The company has a market capitalization of $20.12 billion, a P/E ratio of -329.46, a P/E/G ratio of 54.16 and a beta of 1.74.

Insider Activity

In related news, CEO Aman Narang sold 10,106 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total value of $280,643.62. Following the completion of the sale, the chief executive officer now directly owns 968,095 shares in the company, valued at $26,883,998.15. This represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Kent Bennett sold 22,885 shares of Toast stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $41.96, for a total value of $960,254.60. Following the transaction, the director now directly owns 395,706 shares in the company, valued at $16,603,823.76. The trade was a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,498,536 shares of company stock valued at $43,997,467. 13.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Toast

Institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its position in shares of Toast by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after acquiring an additional 409 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Toast by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock worth $927,000 after acquiring an additional 421 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Toast by 1.6% during the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock valued at $797,000 after purchasing an additional 441 shares during the period. CIBC Asset Management Inc grew its stake in shares of Toast by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock valued at $357,000 after buying an additional 448 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after buying an additional 496 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

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.