Toast, Inc. (NYSE:TOST) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Toast, Inc. (NYSE:TOST) have been assigned an average rating of “Moderate Buy” from the twenty-four ratings firms that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $45.1304.

A number of equities analysts recently commented on TOST shares. Wall Street Zen raised Toast from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird lowered their target price on Toast from $48.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. DA Davidson set a $42.00 target price on shares of Toast in a report on Wednesday, November 5th. BNP Paribas raised shares of Toast from a “hold” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Monday, December 1st. Finally, JPMorgan Chase & Co. upgraded shares of Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price objective for the company in a research report on Thursday, December 4th.

Insider Buying and Selling

In other Toast news, CRO Jonathan Vassil sold 66,390 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $35.86, for a total transaction of $2,380,745.40. Following the sale, the executive directly owned 84,589 shares of the company’s stock, valued at $3,033,361.54. The trade was a 43.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Stephen Fredette sold 4,866 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $34.38, for a total value of $167,293.08. Following the sale, the president owned 910,606 shares in the company, valued at approximately $31,306,634.28. This trade represents a 0.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 102,595 shares of company stock valued at $3,634,737 in the last quarter. 12.14% of the stock is currently owned by insiders.

Institutional Trading of Toast

A number of institutional investors have recently bought and sold shares of the stock. Quent Capital LLC bought a new position in Toast during the third quarter valued at $27,000. RiverPark Advisors LLC bought a new position in Toast during the 2nd quarter valued at about $30,000. Alpine Bank Wealth Management purchased a new stake in Toast in the 3rd quarter worth about $30,000. Ameritas Advisory Services LLC bought a new stake in Toast in the second quarter worth about $31,000. Finally, Central Pacific Bank Trust Division boosted its position in shares of Toast by 123.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock valued at $33,000 after buying an additional 521 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Toast Stock Performance

TOST opened at $33.60 on Thursday. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 78.14 and a beta of 1.93. The company has a fifty day moving average of $35.20 and a 200 day moving average of $39.24. Toast has a fifty-two week low of $28.12 and a fifty-two week high of $49.66.

Toast (NYSE:TOST) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS. On average, equities research analysts forecast that Toast will post 0.39 earnings per share 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.