Toast, Inc. (NYSE:TOST) Receives $45.27 Consensus PT from Analysts

Shares of Toast, Inc. (NYSE:TOST) have been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $45.8182.

TOST has been the topic of several recent analyst reports. Stephens set a $42.00 price target on Toast in a research note on Friday, January 16th. Oppenheimer decreased their target price on shares of Toast from $49.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Truist Financial set a $42.00 target price on shares of Toast in a research note on Tuesday. DA Davidson set a $42.00 price target on shares of Toast in a research note on Wednesday, November 5th. Finally, UBS Group restated a “buy” rating on shares of Toast in a report on Thursday, December 18th.

Toast Price Performance

NYSE:TOST opened at $33.16 on Thursday. The company’s 50-day moving average is $35.00 and its two-hundred day moving average is $39.12. Toast has a 1-year low of $28.12 and a 1-year high of $49.66. The firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 77.12 and a beta of 1.93.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. As a group, equities analysts anticipate that Toast will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Jonathan Vassil sold 4,787 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $34.38, for a total value of $164,577.06. Following the sale, the executive owned 79,802 shares in the company, valued at approximately $2,743,592.76. The trade was a 5.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aman Narang sold 8,591 shares of the firm’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 transaction of $295,358.58. Following the completion of the transaction, the chief executive officer directly owned 338,850 shares of the company’s stock, valued at approximately $11,649,663. The trade was a 2.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 102,595 shares of company stock valued at $3,634,737. Insiders own 12.14% of the company’s stock.

Institutional Trading of Toast

A number of large investors have recently made changes to their positions in TOST. RiverPark Advisors LLC purchased a new position in Toast in the second quarter worth approximately $30,000. Ameritas Advisory Services LLC purchased a new stake in shares of Toast during the 2nd quarter worth $31,000. Quent Capital LLC acquired a new position in shares of Toast during the third quarter worth $27,000. REAP Financial Group LLC increased its holdings in Toast by 173.3% in the second quarter. REAP Financial Group LLC now owns 798 shares of the company’s stock valued at $35,000 after buying an additional 506 shares during the last quarter. Finally, Alpine Bank Wealth Management purchased a new position in Toast in the third quarter valued at $30,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Toast Company Profile

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.