Toast (NYSE:TOST) Stock Rating Lowered by Zacks Research

Posted by Geri Gentry on Jul 9th, 2026

Toast (NYSE:TOST – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Truist Financial reduced their price target on Toast from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Toast in a report on Wednesday, May 20th. Citigroup cut their target price on Toast from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Robert W. Baird lifted their target price on Toast from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Oppenheimer reiterated an “outperform” rating and set a $36.00 price target on shares of Toast in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.41.

View Our Latest Stock Analysis on Toast

Toast Price Performance

Shares of TOST stock opened at $28.58 on Tuesday. The company’s fifty day simple moving average is $25.68 and its two-hundred day simple moving average is $28.52. Toast has a 1 year low of $22.26 and a 1 year high of $49.66. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 43.97 and a beta of 1.74.

Insiders Place Their Bets

In other news, CEO Aman Narang sold 14,365 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $28.85, for a total value of $414,430.25. Following the transaction, the chief executive officer owned 70,451 shares of the company’s stock, valued at $2,032,511.35. This represents a 16.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Brian R. Elworthy sold 108,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $25.89, for a total transaction of $2,796,120.00. Following the sale, the general counsel owned 189,642 shares in the company, valued at approximately $4,909,831.38. This trade represents a 36.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 156,115 shares of company stock worth $4,184,238. 10.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toast

Hedge funds have recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC purchased a new position in shares of Toast in the 2nd quarter worth about $1,602,000. Wynn Capital LLC raised its holdings in shares of Toast by 4.2% during the 2nd quarter. Wynn Capital LLC now owns 14,615 shares of the company’s stock valued at $407,000 after buying an additional 595 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Toast by 14.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 16,756 shares of the company’s stock valued at $466,000 after buying an additional 2,113 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its position in Toast by 11.2% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 85,660 shares of the company’s stock worth $2,383,000 after buying an additional 8,600 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Toast by 47.4% in the second quarter. Assenagon Asset Management S.A. now owns 970,799 shares of the company’s stock worth $27,008,000 after buying an additional 312,077 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast News Roundup

Here are the key news stories impacting Toast this week:

Positive Sentiment: Toast received an average analyst rating of “Moderate Buy,” reinforcing a generally bullish longer-term view on the stock. Article Title
Positive Sentiment: Robert W. Baird raised its price target on Toast to $33 from $30, signaling continued expectations for upside even while keeping a neutral rating. Article Title
Positive Sentiment: Several large institutional investors increased their Toast holdings, which can support the stock by showing professional money managers remain interested in the company. Article Title
Neutral Sentiment: Toast’s general counsel sold shares, but the filing says the sale was to cover tax withholding tied to equity vesting, making it less concerning than a discretionary insider exit. Article Title
Negative Sentiment: The stock underperformed the broader market in the latest session, and the recent decline may reflect profit-taking after a run-up. Article Title

About Toast

(Get Free Report)

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.