Toast (NYSE:TOST) PT Raised to $27.00

Toast (NYSE:TOST) had its price target boosted by Royal Bank of Canada from $23.00 to $27.00 in a research report report published on Wednesday, Benzinga reports. They currently have a sector perform rating on the stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company upped their price objective on shares of Toast from $17.00 to $19.00 and gave the stock an underweight rating in a research report on Wednesday. UBS Group upped their price objective on shares of Toast from $22.00 to $31.00 and gave the stock a buy rating in a research report on Thursday, March 28th. Canaccord Genuity Group boosted their target price on shares of Toast from $22.00 to $28.00 and gave the stock a buy rating in a research note on Wednesday. Redburn Atlantic raised shares of Toast from a neutral rating to a buy rating and set a $28.00 target price for the company in a research note on Wednesday, February 7th. Finally, Robert W. Baird boosted their target price on shares of Toast from $24.00 to $28.00 and gave the stock an outperform rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $25.80.

Toast Price Performance

NYSE TOST opened at $26.83 on Wednesday. The company has a market capitalization of $12.15 billion, a PE ratio of -53.66 and a beta of 1.77. The company has a fifty day moving average of $23.86 and a 200 day moving average of $19.70. Toast has a 1 year low of $13.77 and a 1 year high of $27.57.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.15). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. The company’s revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. Research analysts expect that Toast will post -0.17 earnings per share for the current year.

Insider Transactions at Toast

In related news, CEO Aman Narang sold 2,471 shares of Toast stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total value of $57,821.40. Following the completion of the transaction, the chief executive officer now owns 1,114,454 shares in the company, valued at $26,078,223.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Aman Narang sold 2,471 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $57,821.40. Following the transaction, the chief executive officer now owns 1,114,454 shares in the company, valued at approximately $26,078,223.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Jonathan Vassil sold 100,000 shares of Toast stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total value of $2,524,000.00. Following the completion of the transaction, the executive now owns 22,956 shares in the company, valued at $579,409.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,010 shares of company stock worth $4,711,760. 13.32% of the stock is currently owned by insiders.

Institutional Trading of Toast

Institutional investors have recently modified their holdings of the business. Principal Securities Inc. purchased a new stake in shares of Toast in the fourth quarter valued at approximately $30,000. Cape Investment Advisory Inc. purchased a new stake in shares of Toast in the fourth quarter valued at approximately $31,000. SRS Capital Advisors Inc. purchased a new stake in shares of Toast in the third quarter valued at approximately $33,000. Larson Financial Group LLC raised its holdings in 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 during the last quarter. Finally, Spire Wealth Management raised its holdings in Toast by 481.6% during the third quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock worth $34,000 after purchasing an additional 1,522 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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.