Deutsche Bank Aktiengesellschaft Increases Toast (NYSE:TOST) Price Target to $30.00

Toast (NYSE:TOST) had its price objective hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from $24.00 to $30.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 3.41% from the stock’s current price.

TOST has been the topic of several other reports. The Goldman Sachs Group lifted their target price on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Mizuho raised Toast from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. Stephens lifted their price target on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target on shares of Toast in a report on Wednesday, August 7th. Finally, Robert W. Baird raised their price objective on shares of Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toast has a consensus rating of “Moderate Buy” and an average target price of $29.30.

Toast Stock Performance

Shares of NYSE TOST traded up $0.08 during trading on Monday, reaching $31.06. The company had a trading volume of 2,164,706 shares, compared to its average volume of 7,060,209. The stock has a market cap of $14.32 billion, a PE ratio of -107.10 and a beta of 1.74. The business’s 50 day moving average price is $27.37 and its 200-day moving average price is $25.65. Toast has a 52 week low of $13.77 and a 52 week high of $31.57.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned ($0.19) EPS. Toast’s revenue was up 27.0% on a year-over-year basis. Equities analysts anticipate that Toast will post -0.1 earnings per share for the current year.

Insider Activity at Toast

In other news, CEO Aman Narang sold 10,106 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total transaction of $280,643.62. Following the completion of the sale, the chief executive officer now directly owns 968,095 shares of the company’s stock, valued at $26,883,998.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Toast news, CEO Aman Narang sold 10,106 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total transaction of $280,643.62. Following the completion of the transaction, the chief executive officer now owns 968,095 shares in the company, valued at $26,883,998.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Brian R. Elworthy sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $30.39, for a total transaction of $9,117,000.00. Following the completion of the transaction, the general counsel now directly owns 177,836 shares of the company’s stock, valued at approximately $5,404,436.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,370,721 shares of company stock valued at $37,996,988. 13.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Toast

A number of large investors have recently added to or reduced their stakes in TOST. West Branch Capital LLC purchased a new position in shares of Toast during the second quarter valued at approximately $26,000. LRI Investments LLC purchased a new position in shares of Toast in the 1st quarter worth about $27,000. Toth Financial Advisory Corp bought a new position in Toast in the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toast during the 2nd quarter valued at about $33,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Toast in the second quarter worth about $34,000. Institutional investors own 82.91% of the company’s stock.

Toast Company Profile

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.