Toast, Inc. (NYSE:TOST) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Toast, Inc. (NYSE:TOST) have earned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $45.5455.

A number of research firms have issued reports on TOST. Truist Financial set a $42.00 target price on shares of Toast in a research report on Tuesday, January 20th. Morgan Stanley increased their price objective on shares of Toast from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Toast in a report on Monday, December 29th. Oppenheimer cut their price target on Toast from $49.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. Finally, Wolfe Research cut Toast from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th.

Toast Stock Up 2.4%

Shares of TOST opened at $27.71 on Monday. Toast has a 12-month low of $26.92 and a 12-month high of $49.66. The firm has a market capitalization of $14.27 billion, a PE ratio of 64.44 and a beta of 1.93. The stock’s fifty day simple moving average is $34.24 and its 200-day simple moving average is $37.85.

Insider Buying and Selling

In related news, CFO Elena Gomez sold 1,437 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total transaction of $43,598.58. Following the completion of the transaction, the chief financial officer owned 164,629 shares in the company, valued at approximately $4,994,843.86. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Brian R. Elworthy sold 3,303 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $34.38, for a total transaction of $113,557.14. Following the completion of the sale, the general counsel owned 235,757 shares in the company, valued at approximately $8,105,325.66. This trade represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,856 shares of company stock worth $3,540,449 over the last quarter. 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. NewEdge Advisors LLC lifted its holdings in Toast by 1,555.5% during the first quarter. NewEdge Advisors LLC now owns 17,432 shares of the company’s stock worth $578,000 after acquiring an additional 16,379 shares in the last quarter. Truist Financial Corp grew its position in shares of Toast by 34.2% in the 2nd quarter. Truist Financial Corp now owns 33,448 shares of the company’s stock valued at $1,481,000 after purchasing an additional 8,530 shares during the period. Ameritas Advisory Services LLC bought a new stake in Toast during the 2nd quarter worth approximately $31,000. Vontobel Holding Ltd. increased its stake in Toast by 7.2% during the 2nd quarter. Vontobel Holding Ltd. now owns 11,263 shares of the company’s stock worth $499,000 after purchasing an additional 753 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Toast by 2.8% during the 2nd quarter. US Bancorp DE now owns 52,950 shares of the company’s stock worth $2,345,000 after buying an additional 1,437 shares during the period. Institutional investors own 82.91% of the company’s stock.

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.