Wedbush Issues Negative Outlook for Toast Earnings

Toast, Inc. (NYSE:TOST) – Equities researchers at Wedbush dropped their Q1 2025 earnings per share estimates for Toast in a research note issued on Friday, February 14th. Wedbush analyst N. Setyan now forecasts that the company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.05. Wedbush currently has a “Outperform” rating and a $45.00 price target on the stock. The consensus estimate for Toast’s current full-year earnings is $0.03 per share. Wedbush also issued estimates for Toast’s Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.09 EPS and Q2 2025 earnings at $0.09 EPS.

A number of other equities analysts also recently commented on the stock. Piper Sandler lifted their target price on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Wells Fargo & Company increased their price objective on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Royal Bank of Canada raised their target price on Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Compass Point began 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. Finally, Keefe, Bruyette & Woods raised their price objective on Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Toast presently has a consensus rating of “Hold” and a consensus target price of $36.09.

Toast Trading Up 3.8 %

Shares of TOST stock opened at $42.01 on Monday. Toast has a twelve month low of $20.49 and a twelve month high of $44.12. The company’s 50-day moving average price is $38.48 and its 200-day moving average price is $33.12. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of -323.18, a PEG ratio of 2.25 and a beta of 1.98.

Insider Buying and Selling at Toast

In other Toast news, CRO Jonathan Vassil sold 1,006 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $39,867.78. Following the sale, the executive now owns 48,488 shares of the company’s stock, valued at approximately $1,921,579.44. This trade represents a 2.03 % decrease in their ownership of the stock. The transaction 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 653 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the sale, the general counsel now owns 209,206 shares of the company’s stock, valued at $8,290,833.78. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 339,564 shares of company stock valued at $13,577,845. Insiders own 13.32% of the company’s stock.

Institutional Investors Weigh In On Toast

Several hedge funds and other institutional investors have recently bought and sold shares of TOST. Vanguard Group Inc. increased its position in shares of Toast by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock worth $1,548,186,000 after purchasing an additional 4,147,430 shares in the last quarter. Capital International Investors lifted its stake in Toast by 1.9% in the fourth quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock valued at $1,529,657,000 after buying an additional 785,641 shares during the last quarter. FMR LLC boosted its holdings in shares of Toast by 22.1% in the fourth quarter. FMR LLC now owns 29,853,639 shares of the company’s stock valued at $1,088,165,000 after acquiring an additional 5,403,896 shares during the period. ValueAct Holdings L.P. purchased a new position in shares of Toast during the third quarter worth approximately $438,301,000. Finally, State Street Corp increased its holdings in shares of Toast by 2.5% in the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after acquiring an additional 206,789 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.