Toast (NYSE:TOST) to Buyback $0.00 in Shares

Toast (NYSE:TOST) declared that its Board of Directors has authorized a share buyback program on Thursday, February 12th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TOST shares. Stephens set a $42.00 price target on Toast in a research note on Friday, January 16th. JPMorgan Chase & Co. upgraded Toast from a “neutral” rating to an “overweight” rating and set a $43.00 target price for the company in a research report on Thursday, December 4th. DA Davidson reduced their target price on Toast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Wolfe Research lowered shares of Toast from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 8th. Finally, Citigroup cut their price objective on shares of Toast from $51.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.18.

Toast Price Performance

NYSE:TOST opened at $27.24 on Friday. The company’s fifty day moving average price is $33.55 and its 200-day moving average price is $37.28. The firm has a market capitalization of $16.01 billion, a P/E ratio of 50.44 and a beta of 1.93. Toast has a 1-year low of $25.91 and a 1-year high of $49.66.

Toast (NYSE:TOST) last posted its earnings results on Thursday, February 12th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). Toast had a net margin of 5.56% and a return on equity of 18.86%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm earned $0.05 earnings per share. Toast’s revenue for the quarter was up 22.0% compared to the same quarter last year. Equities analysts anticipate that Toast will post 0.39 EPS for the current fiscal year.

Trending Headlines about Toast

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.

Insider Activity at Toast

In other news, CFO Elena Gomez sold 6,672 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $34.38, for a total transaction of $229,383.36. Following the sale, the chief financial officer owned 162,153 shares of the company’s stock, valued at approximately $5,574,820.14. This represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aman Narang sold 8,591 shares of Toast stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $34.38, for a total value of $295,358.58. Following the completion of the transaction, the chief executive officer owned 338,850 shares of the company’s stock, valued at $11,649,663. The trade was a 2.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 100,856 shares of company stock valued at $3,540,449 over the last ninety days. 12.14% of the stock is owned by insiders.

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.