DA Davidson Issues Positive Forecast for Toast (NYSE:TOST) Stock Price

Toast (NYSE:TOST) had its price target upped by DA Davidson from $35.00 to $44.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on TOST. Deutsche Bank Aktiengesellschaft raised their price objective on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company boosted their price target on shares of Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Bank of America upped their price objective on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Piper Sandler raised their target price on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Mizuho upgraded Toast from a “neutral” rating to an “outperform” rating and upped their price target for the company from $21.00 to $33.00 in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Toast currently has a consensus rating of “Hold” and an average price target of $32.75.

Toast Stock Performance

NYSE TOST opened at $39.42 on Tuesday. The stock’s 50 day simple moving average is $28.76 and its 200-day simple moving average is $26.22. Toast has a 1-year low of $13.77 and a 1-year high of $39.80.

Insider Transactions at Toast

In related news, CEO Aman Narang sold 10,106 shares of Toast stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the completion of the sale, the chief executive officer now owns 968,095 shares in the company, valued at approximately $26,883,998.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Christopher P. Comparato sold 100,000 shares of Toast stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $24.35, for a total value of $2,435,000.00. Following the completion of the transaction, the director now directly owns 120,107 shares in the company, valued at approximately $2,924,605.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Aman Narang sold 10,106 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the completion of the sale, the chief executive officer now directly owns 968,095 shares in the company, valued at $26,883,998.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,475,651 shares of company stock worth $41,805,212. 13.32% of the stock is currently owned by insiders.

Institutional Trading of Toast

A number of large investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its position in shares of Toast by 16.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 56,972 shares of the company’s stock worth $1,613,000 after purchasing an additional 8,000 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in Toast by 1.1% during the 3rd quarter. Summit Trail Advisors LLC now owns 52,184 shares of the company’s stock worth $1,477,000 after buying an additional 558 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Toast by 249.4% during the 3rd quarter. Larson Financial Group LLC now owns 7,764 shares of the company’s stock worth $220,000 after buying an additional 5,542 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Toast by 50.4% in the 3rd quarter. Cerity Partners LLC now owns 71,526 shares of the company’s stock valued at $2,025,000 after acquiring an additional 23,955 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Toast by 8.5% in the 3rd quarter. Citigroup Inc. now owns 276,974 shares of the company’s stock valued at $7,841,000 after acquiring an additional 21,675 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.