Toast (NYSE:TOST) Given New $42.00 Price Target at Citigroup

Toast (NYSE:TOST) had its price target decreased by Citigroup from $51.00 to $42.00 in a research note released on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on TOST. Stephens set a $42.00 price objective on Toast in a research report on Friday, January 16th. Jefferies Financial Group set a $35.00 price target on shares of Toast in a report on Friday. BNP Paribas Exane upgraded shares of Toast from a “hold” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Monday, December 1st. JPMorgan Chase & Co. upgraded shares of Toast from a “neutral” rating to an “overweight” rating and set a $43.00 target price on the stock in a research report on Thursday, December 4th. Finally, DA Davidson dropped their price target on shares of Toast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.18.

Toast Stock Performance

Shares of TOST opened at $27.24 on Friday. The company has a 50-day simple moving average of $33.55 and a 200-day simple moving average of $37.28. Toast has a 52 week low of $25.91 and a 52 week high of $49.66. The firm has a market capitalization of $16.01 billion, a P/E ratio of 50.44 and a beta of 1.93.

Toast (NYSE:TOST) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.16 earnings per share (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 the consensus estimate of $1.62 billion. Toast had a net margin of 5.56% and a return on equity of 18.86%. The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. As a group, equities analysts forecast that Toast will post 0.39 earnings per share for the current year.

Toast declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 12th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Toast news, CFO Elena Gomez sold 1,437 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total transaction of $43,598.58. Following the sale, the chief financial officer directly owned 164,629 shares of the company’s stock, valued at approximately $4,994,843.86. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Brian R. Elworthy sold 3,303 shares of Toast 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 $113,557.14. Following the completion of the transaction, the general counsel owned 235,757 shares of the company’s stock, valued at $8,105,325.66. This trade represents a 1.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 100,856 shares of company stock valued at $3,540,449. Corporate insiders own 12.14% of the company’s stock.

Hedge Funds Weigh In On Toast

Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP increased its stake in shares of Toast by 3.9% in the fourth quarter. Marshall Wace LLP now owns 5,292,568 shares of the company’s stock valued at $187,939,000 after buying an additional 198,783 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Toast by 3.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 25,145 shares of the company’s stock worth $893,000 after acquiring an additional 933 shares during the last quarter. Silicon Valley Capital Partners bought a new stake in Toast during the 4th quarter worth about $36,000. Inspire Advisors LLC increased its position in Toast by 42.6% in the 4th quarter. Inspire Advisors LLC now owns 21,240 shares of the company’s stock valued at $754,000 after acquiring an additional 6,350 shares in the last quarter. Finally, AlTi Global Inc. raised its stake in shares of Toast by 42.9% in the fourth quarter. AlTi Global Inc. now owns 8,527 shares of the company’s stock worth $303,000 after acquiring an additional 2,558 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast News Roundup

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Revenue and growth: Q4 revenue was $1.63B, up ~22% year-over-year and roughly in line with consensus, signaling sustained top-line momentum that supports longer‑term ARR expansion. Read More.
• Positive Sentiment: Analyst support remains: Major firms (Citigroup and Needham) kept “Buy” ratings even after trimming targets, which can limit downside from negative headlines and signals continued institutional conviction. Read More. Read More.
• Neutral Sentiment: Board authorizes buyback: The company announced a share-repurchase authorization; the report listed $0.00 in buyback dollars (no dollar amount disclosed), so the move signals intent but lacks immediate capital deployment details. Read More.
• Neutral Sentiment: Market commentary: Bullish analyst/guest pieces argue Toast’s ARR growth, margin expansion and industry position make it resilient amid sector pressures — helpful for sentiment but not new financial data. Read More.
• Negative Sentiment: EPS miss: Toast reported EPS below consensus ($0.16 reported vs. ~$0.24 expected per consensus), which is an earnings disappointment that likely pressured some short‑term investor sentiment. Read More.
• Negative Sentiment: Price target cuts: Citigroup cut its target from $51 to $42 and Needham trimmed theirs from $60 to $35 — reductions that reduce analyst-derived upside even though both maintained Buy ratings. Read More. Read More.

About Toast

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.