Toast (NYSE:TOST) Downgraded by Baird R W

Baird R W downgraded shares of Toast (NYSE:TOST) from a strong-buy rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Piper Sandler boosted their price target on shares of Toast from $20.00 to $25.00 and gave the company a neutral rating in a report on Thursday, May 9th. The Goldman Sachs Group lifted their price target on Toast from $26.00 to $29.00 and gave the company a buy rating in a report on Monday, April 15th. BNP Paribas upgraded Toast from a neutral rating to an outperform rating and set a $30.00 price objective for the company in a research note on Thursday, March 7th. Redburn Atlantic upgraded Toast from a neutral rating to a buy rating and set a $28.00 target price on the stock in a research note on Wednesday, February 7th. Finally, UBS Group increased their price target on shares of Toast from $22.00 to $31.00 and gave the company a buy rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $26.00.

Toast Stock Up 0.4 %

TOST opened at $25.47 on Tuesday. The stock’s fifty day moving average is $24.31 and its two-hundred day moving average is $20.39. The company has a market capitalization of $11.54 billion, a P/E ratio of -50.94 and a beta of 1.77. Toast has a 52 week low of $13.77 and a 52 week high of $27.90.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted ($0.16) earnings per share. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. Equities analysts anticipate that Toast will post -0.16 earnings per share for the current year.

Insider Activity at Toast

In other Toast news, CFO Elena Gomez sold 12,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $26.39, for a total transaction of $329,875.00. Following the sale, the chief financial officer now owns 176,980 shares in the company, valued at approximately $4,670,502.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Toast news, CEO Aman Narang sold 2,471 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $57,821.40. Following the sale, the chief executive officer now directly owns 1,114,454 shares of the company’s stock, valued at approximately $26,078,223.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elena Gomez sold 12,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $26.39, for a total value of $329,875.00. Following the completion of the transaction, the chief financial officer now directly owns 176,980 shares of the company’s stock, valued at approximately $4,670,502.20. The disclosure for this sale can be found here. Insiders have sold a total of 193,010 shares of company stock valued at $4,711,760 in the last ninety days. Company insiders own 13.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. LRI Investments LLC acquired a new stake in shares of Toast during the 1st quarter valued at about $27,000. Principal Securities Inc. acquired a new position in Toast during the fourth quarter worth $30,000. Cape Investment Advisory Inc. purchased a new position in Toast during the fourth quarter valued at $31,000. SRS Capital Advisors Inc. purchased a new stake in shares of Toast during the third quarter worth about $33,000. Finally, Larson Financial Group LLC increased its stake in shares of Toast by 8,181.8% during the third quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock worth $34,000 after purchasing an additional 1,800 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Company Profile

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.