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

Shares of Toast, Inc. (NYSE:TOST) have been assigned an average recommendation of “Moderate Buy” from the twenty-seven analysts that are presently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $37.6154.

A number of equities analysts recently commented on TOST shares. BMO Capital Markets restated an “outperform” rating on shares of Toast in a report on Monday, June 1st. Piper Sandler started coverage on Toast in a report on Wednesday. They set an “overweight” rating and a $32.00 target price for the company. Wall Street Zen upgraded Toast from a “hold” rating to a “buy” rating in a report on Saturday. DA Davidson lowered their target price on Toast from $33.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Finally, Truist Financial lowered their target price on Toast from $36.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 12th.

Toast Price Performance

Shares of Toast stock opened at $24.81 on Friday. The business has a 50-day moving average of $25.98 and a 200 day moving average of $29.57. Toast has a 12 month low of $22.26 and a 12 month high of $49.66. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 38.17 and a beta of 1.76.

Insider Activity at Toast

In other news, CFO Elena Gomez sold 8,929 shares of Toast stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total value of $233,850.51. Following the completion of the transaction, the chief financial officer owned 173,064 shares in the company, valued at approximately $4,532,546.16. This trade represents a 4.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Jonathan Vassil sold 6,438 shares of Toast stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total value of $168,611.22. Following the completion of the transaction, the executive owned 146,618 shares of the company’s stock, valued at $3,839,925.42. The trade was a 4.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 147,783 shares of company stock worth $3,838,037 over the last ninety days. Company insiders own 10.03% of the company’s stock.

Hedge Funds Weigh In On Toast

Several hedge funds and other institutional investors have recently made changes to their positions in TOST. Bayban purchased a new position in shares of Toast in the 4th quarter valued at about $25,000. SHP Wealth Management purchased a new position in shares of Toast in the 4th quarter valued at about $29,000. Strive Financial Group LLC purchased a new position in shares of Toast in the 4th quarter valued at about $29,000. Central Pacific Bank Trust Division boosted its stake in shares of Toast by 123.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock valued at $33,000 after buying an additional 521 shares during the period. Finally, Silicon Valley Capital Partners purchased a new position in shares of Toast in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Company Profile

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.