Wall Street Zen Downgrades Toast (NYSE:TOST) to Hold

Posted by Geri Gentry on Oct 6th, 2026

Toast (NYSE:TOST – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other analysts have also issued reports about the stock. UBS Group upped their target price on shares of Toast from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on Toast from $36.00 to $44.00 and gave the company a “sector perform” rating in a research note on Monday, August 31st. Oppenheimer upped their price objective on Toast from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. BNP Paribas Exane cut Toast from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $35.00 in a research note on Wednesday, September 2nd. Finally, Canaccord Genuity Group set a $40.00 price target on Toast in a report on Wednesday, August 5th. Sixteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.12.

Get Our Latest Stock Analysis on Toast

Toast Trading Up 1.0%

Shares of NYSE TOST opened at $30.08 on Friday. The stock has a market cap of $15.46 billion, a P/E ratio of 38.56 and a beta of 1.74. The business’s fifty day simple moving average is $33.04 and its 200-day simple moving average is $28.98. Toast has a 12-month low of $22.26 and a 12-month high of $39.72.

Toast (NYSE:TOST – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%.The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts forecast that Toast will post 1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Toast news, CRO Jonathan Vassil sold 13,465 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $29.69, for a total transaction of $399,775.85. Following the transaction, the executive directly owned 77,424 shares of the company’s stock, valued at approximately $2,298,718.56. This trade represents a 14.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Brian R. Elworthy sold 6,507 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $29.35, for a total transaction of $190,980.45. Following the completion of the sale, the general counsel directly owned 204,023 shares of the company’s stock, valued at $5,988,075.05. The trade was a 3.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 527,207 shares of company stock valued at $18,336,462. 10.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Toast

A number of hedge funds and other institutional investors have recently made changes to their positions in TOST. Principal Financial Group Inc. grew its stake in shares of Toast by 36.0% in the 1st quarter. Principal Financial Group Inc. now owns 7,977,244 shares of the company’s stock valued at $211,478,000 after purchasing an additional 2,111,009 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Toast by 5.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,579,046 shares of the company’s stock worth $162,602,000 after acquiring an additional 235,572 shares during the period. Bank of America Corp DE increased its stake in shares of Toast by 10.6% during the first quarter. Bank of America Corp DE now owns 4,866,197 shares of the company’s stock worth $129,003,000 after acquiring an additional 465,006 shares during the period. Renaissance Technologies LLC raised its holdings in Toast by 25.1% during the first quarter. Renaissance Technologies LLC now owns 4,321,437 shares of the company’s stock worth $114,561,000 after purchasing an additional 867,509 shares in the last quarter. Finally, Amova Asset Management Americas Inc. boosted its holdings in Toast by 0.4% in the 1st quarter. Amova Asset Management Americas Inc. now owns 3,817,961 shares of the company’s stock valued at $101,176,000 after purchasing an additional 16,614 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Key Stories Impacting Toast

Here are the key news stories impacting Toast this week:

Neutral Sentiment: Five senior executives—including CEO Aman Narang, CFO Elena Gomez, CRO Jonathan Vassil, President Stephen Fredette and General Counsel Brian Elworthy—sold a combined 55,939 shares worth approximately $1.65 million. Each filing states the shares were sold under a pre-arranged Rule 10b5-1 plan or to cover tax-withholding obligations tied to equity vesting, limiting the bearish significance of the transactions. Jonathan Vassil Form 4 Brian Elworthy Form 4 Aman Narang Form 4
Negative Sentiment: Wall Street Zen downgraded Toast to Hold from a more favorable rating. The change may pressure the stock by reinforcing caution around Toast’s valuation and future upside, particularly after the company’s latest quarterly EPS missed consensus despite revenue exceeding estimates. Wall Street Zen Downgrades Toast to Hold

Toast Company Profile

(Get Free Report)

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants and other foodservice businesses. Its platform combines point-of-sale hardware and software with tools for payment processing, menu and order management, employee operations, inventory, reporting and customer engagement.

The company’s products and services support in-restaurant, online and delivery orders, as well as gift cards, loyalty programs, marketing and payroll-related functions. Toast also offers restaurant-specific hardware, including terminals, handheld devices, kitchen display systems and self-service kiosks, allowing businesses to manage operations through an integrated technology ecosystem.

Founded in 2011 and headquartered in Boston, Toast initially focused on helping restaurants replace traditional point-of-sale systems with cloud-based technology.