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

Toast, Inc. (NYSE:TOST) has been given a consensus recommendation of “Hold” by the twenty-three brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $35.05.

A number of equities research analysts have issued reports on the stock. DA Davidson restated a “neutral” rating and set a $38.00 price target (down from $44.00) on shares of Toast in a report on Thursday, December 5th. JPMorgan Chase & Co. upped their price target on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Morgan Stanley upped their price target on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their target price on shares of Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, Stephens increased their target price on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th.

Toast Price Performance

TOST stock opened at $35.72 on Friday. Toast has a 52-week low of $16.13 and a 52-week high of $44.12. The company has a 50-day moving average of $38.53 and a two-hundred day moving average of $30.57. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of -274.77, a price-to-earnings-growth ratio of 23.40 and a beta of 1.97.

Insider Transactions at Toast

In other news, General Counsel Brian R. Elworthy sold 300,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $30.39, for a total transaction of $9,117,000.00. Following the sale, the general counsel now directly owns 177,836 shares of the company’s stock, valued at $5,404,436.04. This represents a 62.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Jonathan Vassil sold 1,367 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the sale, the executive now directly owns 39,834 shares in the company, valued at $1,238,040.72. This trade represents a 3.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,109,307 shares of company stock valued at $38,235,613. Corporate insiders own 13.32% of the company’s stock.

Hedge Funds Weigh In On Toast

A number of hedge funds and other institutional investors have recently bought and sold shares of TOST. Principal Financial Group Inc. boosted its stake in Toast by 4.6% in the second quarter. Principal Financial Group Inc. now owns 38,663 shares of the company’s stock valued at $996,000 after acquiring an additional 1,716 shares during the last quarter. Natixis Advisors LLC bought a new position in Toast in the second quarter valued at approximately $1,473,000. CIBC Asset Management Inc boosted its stake in Toast by 41.9% in the second quarter. CIBC Asset Management Inc now owns 12,166 shares of the company’s stock valued at $314,000 after acquiring an additional 3,590 shares during the last quarter. Rhumbline Advisers boosted its stake in Toast by 22.3% in the second quarter. Rhumbline Advisers now owns 579,086 shares of the company’s stock valued at $14,923,000 after acquiring an additional 105,474 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Toast by 19.1% during the second quarter. TD Asset Management Inc now owns 481,443 shares of the company’s stock worth $12,407,000 after purchasing an additional 77,295 shares in the last quarter. 82.91% of the stock is owned by 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.