Toast, Inc. (NYSE:TOST) Receives $40.46 Consensus Price Target from Analysts

Toast, Inc. (NYSE:TOST) has received a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $39.88.

TOST has been the subject of several research analyst reports. Canaccord Genuity Group set a $37.00 price target on shares of Toast in a research note on Friday, February 13th. Wolfe Research lowered Toast from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 8th. Mizuho lowered their target price on Toast from $57.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Toast in a research report on Monday, December 29th. Finally, Sanford C. Bernstein set a $39.00 price target on Toast in a research note on Monday, February 16th.

Toast Price Performance

Shares of NYSE:TOST opened at $26.44 on Tuesday. The business has a fifty day moving average price of $28.10 and a two-hundred day moving average price of $33.27. The company has a market capitalization of $13.86 billion, a PE ratio of 48.97 and a beta of 1.90. Toast has a 1 year low of $24.35 and a 1 year high of $49.66.

Toast (NYSE:TOST) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Toast had a return on equity of 18.14% and a net margin of 5.56%.The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. Sell-side analysts anticipate that Toast will post 0.39 earnings per share for the current year.

Toast announced that its board has initiated a stock repurchase plan on Thursday, February 12th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Key Toast News

Here are the key news stories impacting Toast this week:

• Neutral Sentiment: Loop Capital initiated coverage of Toast with a “Hold” rating, which removes an immediate buy catalyst and may cap near‑term upside until clearer growth/profitability signals arrive. Loop Capital coverage
• Neutral Sentiment: Toast has been heavily searched by investors (Zacks spotlight), which can increase short‑term volume and volatility but doesn’t itself change fundamentals. Zacks: Investors Heavily Search
• Negative Sentiment: Multiple senior executives sold stock on April 2 (CEO Aman Narang, CFO Elena Gomez, President Stephen Fredette, General Counsel Brian Elworthy, and CRO Jonathan Vassil), collectively disposing of roughly $1.04M of shares at about $26.19 each. The CEO’s sale reduced his holding by ~19.95%; other insiders also trimmed positions. Clustered sales by top management can be perceived negatively by the market (signaling liquidity needs or reduced insider confidence), even if they stem from routine vesting/diversification; filings are available with the SEC. CEO SEC filing

Insider Buying and Selling

In other Toast news, CRO Jonathan Vassil sold 6,438 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total transaction of $168,611.22. Following the sale, the executive owned 146,618 shares in the company, valued at $3,839,925.42. This represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Brian R. Elworthy sold 3,664 shares of the firm’s stock in a transaction 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 directly owned 243,642 shares of the company’s stock, valued at $6,380,983.98. The trade was a 1.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 74,249 shares of company stock worth $2,201,620 in the last 90 days. 12.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its holdings in Toast by 16.8% during the 4th quarter. Hsbc Holdings PLC now owns 181,371 shares of the company’s stock valued at $6,455,000 after buying an additional 26,032 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Toast by 5.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 169,122 shares of the company’s stock worth $6,006,000 after buying an additional 8,676 shares in the last quarter. Fund Advisors of America Inc FL purchased a new stake in shares of Toast in the fourth quarter worth about $290,000. Corient Private Wealth LLC boosted its position in shares of Toast by 7.3% in the fourth quarter. Corient Private Wealth LLC now owns 38,944 shares of the company’s stock valued at $1,383,000 after acquiring an additional 2,660 shares during the period. Finally, Bayban purchased a new position in Toast during the fourth quarter valued at approximately $25,000. Institutional investors own 82.91% of the company’s stock.

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.