Toast (NYSE:TOST) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Toast (NYSE:TOST) had its target price lifted by Deutsche Bank Aktiengesellschaft from $24.00 to $30.00 in a research note released on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities research analysts also recently weighed in on TOST. Bank of America lifted their target price on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. The Goldman Sachs Group boosted their target price on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. Stephens upped their price objective on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, DA Davidson increased their price objective on shares of Toast from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toast has a consensus rating of “Moderate Buy” and an average price target of $29.30.

Toast Price Performance

Shares of NYSE TOST opened at $32.61 on Monday. Toast has a twelve month low of $13.77 and a twelve month high of $33.01. The firm has a fifty day simple moving average of $27.94 and a 200 day simple moving average of $25.86.

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

Insider Activity

In other Toast news, Director Christopher P. Comparato sold 100,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 120,107 shares of the company’s stock, valued at approximately $2,924,605.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Toast news, Director Christopher P. Comparato sold 100,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was 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 of the company’s stock, valued at approximately $2,924,605.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Stephen Fredette sold 211,686 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the sale, the president now directly owns 2,638,023 shares of the company’s stock, valued at approximately $62,178,202.11. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,375,651 shares of company stock worth $38,150,212 over the last quarter. Insiders own 13.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Toast by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock worth $927,000 after purchasing an additional 421 shares during the period. Private Advisor Group LLC raised its stake in shares of Toast by 1.6% in the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock valued at $797,000 after buying an additional 441 shares during the period. CIBC Asset Management Inc lifted its position in shares of Toast by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock valued at $357,000 after buying an additional 448 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after acquiring an additional 496 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Toast by 8.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock worth $174,000 after acquiring an additional 520 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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.