Toast (NYSE:TOST) Raised to Strong-Buy at Wedbush

Wedbush upgraded shares of Toast (NYSE:TOST) to a strong-buy rating in a research note published on Friday, Zacks.com reports. Wedbush also issued estimates for Toast’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.09 EPS.

TOST has been the topic of a number of other research reports. Bank of America dropped their price target on shares of Toast from $28.00 to $26.00 and set a neutral rating on the stock in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods reissued a market perform rating and set a $26.00 price target on shares of Toast in a research report on Wednesday, May 29th. Piper Sandler boosted their price target on shares of Toast from $20.00 to $25.00 and gave the company a neutral rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. boosted their price objective on shares of Toast from $25.00 to $28.00 and gave the company a neutral rating in a report on Tuesday, August 20th. Finally, Needham & Company LLC reiterated a buy rating and set a $30.00 price target on shares of Toast in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $28.22.

Toast Trading Up 1.4 %

TOST opened at $23.62 on Friday. Toast has a 12-month low of $13.77 and a 12-month high of $27.90. The firm has a market capitalization of $10.89 billion, a PE ratio of -47.24 and a beta of 1.75. The firm has a 50 day moving average of $24.90 and a two-hundred day moving average of $24.38.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. Toast’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.19) EPS. As a group, analysts predict that Toast will post -0.1 EPS for the current fiscal year.

Insider Activity at Toast

In other Toast news, President Stephen Fredette sold 3,810 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $97,688.40. Following the completion of the transaction, the president now owns 2,847,315 shares in the company, valued at approximately $73,005,156.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Stephen Fredette sold 3,810 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $97,688.40. Following the sale, the president now directly owns 2,847,315 shares of the company’s stock, valued at $73,005,156.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 100,000 shares of Toast stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total value of $2,435,000.00. Following the transaction, the director now owns 120,107 shares in the company, valued at approximately $2,924,605.45. The disclosure for this sale can be found here. Insiders sold 418,352 shares of company stock worth $10,526,982 in the last 90 days. 13.32% of the stock is currently owned by company insiders.

Institutional Trading of Toast

Several large investors have recently made changes to their positions in the stock. West Branch Capital LLC acquired a new position in shares of Toast in the 2nd quarter worth approximately $26,000. LRI Investments LLC acquired a new position in Toast during the first quarter valued at approximately $27,000. Principal Securities Inc. bought a new stake in shares of Toast in the 4th quarter valued at $30,000. Cape Investment Advisory Inc. bought a new stake in shares of Toast in the fourth quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toast during the 2nd quarter worth approximately $33,000. 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.