Toast, Inc. (NYSE:TOST) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Toast, Inc. (NYSE:TOST) has been given an average rating of “Moderate Buy” by the twenty-four research firms that are presently covering the firm, Marketbeat reports. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $41.21.

A number of research firms have recently commented on TOST. Morgan Stanley boosted their price target on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Royal Bank of Canada lifted their price objective on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. BMO Capital Markets boosted their target price on Toast from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods raised their price target on Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Finally, BNP Paribas set a $37.00 price objective on Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th.

Insider Buying and Selling at Toast

In other Toast news, General Counsel Brian R. Elworthy sold 300,000 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $42.60, for a total transaction of $12,780,000.00. Following the transaction, the general counsel now directly owns 216,156 shares of the company’s stock, valued at approximately $9,208,245.60. The trade was a 58.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul D. Bell sold 11,000 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $45.13, for a total transaction of $496,430.00. Following the completion of the sale, the director now directly owns 229,680 shares of the company’s stock, valued at approximately $10,365,458.40. This represents a 4.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 646,651 shares of company stock valued at $25,640,334 in the last 90 days. Insiders own 13.32% of the company’s stock.

Institutional Trading of Toast

Several institutional investors and hedge funds have recently bought and sold shares of TOST. Blue Trust Inc. increased its stake in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Toast during the fourth quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new stake in Toast in the fourth quarter worth about $35,000. Wayfinding Financial LLC purchased a new stake in Toast in the first quarter worth about $34,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Toast during the fourth quarter valued at approximately $40,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Toast Trading Up 2.9%

Shares of NYSE:TOST opened at $44.06 on Wednesday. The company has a 50 day moving average of $37.97 and a 200 day moving average of $37.99. The stock has a market cap of $21.94 billion, a P/E ratio of -4,401.60, a P/E/G ratio of 2.16 and a beta of 2.02. Toast has a 12 month low of $21.32 and a 12 month high of $45.56.

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.