Toast, Inc. (NYSE:TOST – Get Free Report) has received a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $35.27.
TOST has been the topic of several recent analyst reports. Compass Point initiated coverage on Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target on the stock. JPMorgan Chase & Co. increased their target price on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Morgan Stanley increased their price objective on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $45.00 target price (up previously from $34.00) on shares of Toast in a research report on Monday, December 2nd.
Read Our Latest Research Report on TOST
Toast Price Performance
Insider Buying and Selling
In related news, President Stephen Fredette sold 40,459 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $29.04, for a total value of $1,174,929.36. Following the completion of the transaction, the president now owns 1,700,282 shares in the company, valued at $49,376,189.28. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Brian R. Elworthy sold 300,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $30.39, for a total value of $9,117,000.00. Following the sale, the general counsel now owns 177,836 shares in the company, valued at approximately $5,404,436.04. The trade was a 62.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,109,307 shares of company stock worth $38,235,613. Corporate insiders own 13.32% of the company’s stock.
Hedge Funds Weigh In On Toast
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Makena Capital Management LLC lifted its holdings in shares of Toast by 7.6% in the third quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock valued at $7,768,000 after purchasing an additional 19,371 shares in the last quarter. KBC Group NV lifted its stake in Toast by 66.5% in the 3rd quarter. KBC Group NV now owns 42,838 shares of the company’s stock worth $1,213,000 after acquiring an additional 17,106 shares in the last quarter. Geode Capital Management LLC boosted its position in Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after acquiring an additional 155,212 shares during the period. MML Investors Services LLC grew its stake in Toast by 40.6% during the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock valued at $6,464,000 after acquiring an additional 65,957 shares in the last quarter. Finally, Qsemble Capital Management LP increased its holdings in shares of Toast by 52.1% in the 3rd quarter. Qsemble Capital Management LP now owns 67,796 shares of the company’s stock valued at $1,919,000 after purchasing an additional 23,231 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.
About Toast
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.
Featured Articles
- Five stocks we like better than Toast
- Financial Services Stocks Investing
- MercadoLibre: Latin America’s Digital Titan Just Got Cheaper
- Airline Stocks – Top Airline Stocks to Buy Now
- Breaking Down Pegasystems, A Wedbush Top AI Pick for 2025
- How is Compound Interest Calculated?
- Shutterstock and Getty: A $3.7 Billion Visual Content Giant
Receive News & Ratings for Toast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toast and related companies with MarketBeat.com's FREE daily email newsletter.