Weekly Research Analysts’ Ratings Updates for Toast (TOST)

A number of firms have modified their ratings and price targets on shares of Toast (NYSE: TOST) recently:

• 11/20/2024 – Toast was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating. They now have a $37.00 price target on the stock.
• 11/20/2024 – Toast is now covered by analysts at Compass Point. They set a “buy” rating and a $49.00 price target on the stock.
• 11/12/2024 – Toast had its price target raised by analysts at DA Davidson from $35.00 to $44.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Toast had its price target raised by analysts at Piper Sandler from $25.00 to $35.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Toast had its price target raised by analysts at Wells Fargo & Company from $23.00 to $25.00. They now have an “underweight” rating on the stock.
• 11/8/2024 – Toast had its price target raised by analysts at Royal Bank of Canada from $27.00 to $40.00. They now have a “sector perform” rating on the stock.
• 11/8/2024 – Toast had its price target raised by analysts at Wedbush from $35.00 to $45.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Toast had its price target raised by analysts at JPMorgan Chase & Co. from $28.00 to $36.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Toast had its price target raised by analysts at Robert W. Baird from $30.00 to $38.00. They now have a “neutral” rating on the stock.
• 11/4/2024 – Toast had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $24.00 to $30.00. They now have a “hold” rating on the stock.
• 10/29/2024 – Toast had its price target raised by analysts at DA Davidson from $32.00 to $35.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Toast had its price target raised by analysts at Morgan Stanley from $30.00 to $33.00. They now have an “overweight” rating on the stock.
• 10/18/2024 – Toast had its price target raised by analysts at Stephens from $28.00 to $30.00. They now have an “equal weight” rating on the stock.
• 10/14/2024 – Toast had its price target raised by analysts at Robert W. Baird from $28.00 to $30.00. They now have a “neutral” rating on the stock.
• 10/14/2024 – Toast had its price target raised by analysts at The Goldman Sachs Group, Inc. from $29.00 to $33.00. They now have a “buy” rating on the stock.

Toast Stock Down 1.4 %

NYSE TOST traded down $0.58 during trading hours on Wednesday, hitting $41.92. 5,409,914 shares of the company were exchanged, compared to its average volume of 7,321,449. The firm has a market cap of $19.74 billion, a price-to-earnings ratio of -322.46, a PEG ratio of 51.74 and a beta of 1.74. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $42.85. The company has a 50 day moving average of $30.45 and a two-hundred day moving average of $26.83.

Insiders Place Their Bets

In other news, President Stephen Fredette sold 101,574 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $25.73, for a total transaction of $2,613,499.02. Following the sale, the president now owns 2,395,685 shares in the company, valued at $61,640,975.05. This trade represents a 4.07 % decrease in their ownership of the stock. The transaction 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 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 transaction, the general counsel now owns 177,836 shares in the company, valued at approximately $5,404,436.04. This represents a 62.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,475,651 shares of company stock valued at $43,037,212. 13.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Toast

Several hedge funds and other institutional investors have recently made changes to their positions in TOST. KBC Group NV raised its stake in Toast by 66.5% during the 3rd quarter. KBC Group NV now owns 42,838 shares of the company’s stock valued at $1,213,000 after purchasing an additional 17,106 shares during the period. Stephens Investment Management Group LLC raised its position in Toast by 13.1% in the third quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock worth $53,358,000 after purchasing an additional 218,959 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Toast during the third quarter worth approximately $894,000. QRG Capital Management Inc. grew its stake in shares of Toast by 39.7% during the second quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock valued at $2,190,000 after purchasing an additional 24,164 shares during the last quarter. Finally, Epoch Investment Partners Inc. bought a new position in Toast in the first quarter valued at approximately $633,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.