Toast, Inc. (NYSE:TOST – Get Free Report) has received a consensus rating of “Moderate Buy” from the twenty-seven ratings firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $37.5926.
Several equities analysts recently issued reports on the stock. UBS Group dropped their target price on shares of Toast from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Rothschild & Co Redburn reissued a “neutral” rating and issued a $35.00 price objective on shares of Toast in a research report on Tuesday, May 12th. Loop Capital began coverage on Toast in a research report on Tuesday, March 31st. They issued a “hold” rating and a $26.00 price objective for the company. Barclays initiated coverage on Toast in a research report on Tuesday, July 7th. They set an “overweight” rating and a $35.00 target price on the stock. Finally, Piper Sandler started coverage on Toast in a research note on Wednesday, June 10th. They set an “overweight” rating and a $32.00 target price for the company.
View Our Latest Stock Analysis on Toast
Insider Activity
Institutional Investors Weigh In On Toast
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wynn Capital LLC boosted its stake in Toast by 2.1% during the 4th quarter. Wynn Capital LLC now owns 13,755 shares of the company’s stock valued at $488,000 after purchasing an additional 280 shares during the last quarter. BOKF NA raised its stake in shares of Toast by 4.5% in the third quarter. BOKF NA now owns 8,023 shares of the company’s stock worth $293,000 after purchasing an additional 345 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Toast by 0.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 67,909 shares of the company’s stock valued at $1,800,000 after purchasing an additional 358 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Toast by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company’s stock valued at $1,012,000 after purchasing an additional 380 shares in the last quarter. Finally, Seven Mile Advisory boosted its position in shares of Toast by 3.1% during the third quarter. Seven Mile Advisory now owns 12,689 shares of the company’s stock valued at $463,000 after buying an additional 381 shares during the last quarter. 82.91% of the stock is owned by institutional investors.
Toast Stock Performance
NYSE:TOST opened at $30.42 on Thursday. The company has a market capitalization of $15.70 billion, a PE ratio of 46.81 and a beta of 1.74. The company has a 50 day simple moving average of $25.79 and a two-hundred day simple moving average of $28.28. Toast has a fifty-two week low of $22.26 and a fifty-two week high of $49.66.
Toast (NYSE:TOST – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Toast had a return on equity of 20.86% and a net margin of 6.39%.The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Research analysts predict that Toast will post 0.97 EPS for the current year.
About Toast
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.
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