Toast, Inc. (NYSE:TOST) Receives $34.81 Average PT from Analysts

Toast, Inc. (NYSE:TOST) has been given an average recommendation of “Hold” by the twenty-two brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $34.81.

Several research firms recently commented on TOST. Compass Point assumed coverage on shares of Toast in a research report on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price on the stock. Robert W. Baird increased their price objective on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their target price on Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Royal Bank of Canada increased their price target on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Finally, Piper Sandler increased their target price on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th.

Insider Buying and Selling at Toast

In related news, CFO Elena Gomez sold 12,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $28.41, for a total transaction of $355,125.00. Following the completion of the sale, the chief financial officer now directly owns 207,518 shares of the company’s stock, valued at approximately $5,895,586.38. This trade represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aman Narang sold 10,106 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the completion of the transaction, the chief executive officer now owns 968,095 shares of the company’s stock, valued at $26,883,998.15. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,375,061 shares of company stock worth $44,557,182. Corporate insiders own 13.32% of the company’s stock.

Hedge Funds Weigh In On Toast

Hedge funds and other institutional investors have recently made changes to their positions in the stock. West Branch Capital LLC purchased a new position in Toast in the second quarter valued at about $26,000. Toth Financial Advisory Corp bought a new stake in shares of Toast in the third quarter valued at $28,000. 1620 Investment Advisors Inc. purchased a new position in shares of Toast during the 2nd quarter valued at $34,000. Raleigh Capital Management Inc. grew its stake in shares of Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after acquiring an additional 720 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after acquiring an additional 496 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Toast Trading Down 3.7 %

Shares of TOST stock opened at $38.15 on Wednesday. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of -293.46, a PEG ratio of 23.57 and a beta of 1.93. The business’s 50-day moving average price is $35.36 and its 200-day moving average price is $28.65. Toast has a 12 month low of $16.13 and a 12 month high of $44.12.

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.