10 hours Ago By ABMN Staff
Toast ( NYSE:TOST – Get Free Report ) had its price objective hoisted by equities researchers at BMO Capital Markets from $46.00 to $48.00 in a research report issued on Thursday, Benzinga reports.
The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 27.38% from the stock’s current price.
Several other analysts also recently weighed in on TOST. The Goldman Sachs Group reduced their target price on Toast from $45.00 to $40.
00 and set a “neutral” rating for the company in a report on Friday, January 10th. Royal Bank of Canada boosted their target price on Toast from $27.00 to $40.
00 and gave the company a “sector perform” rating in a report on Friday, November 8th. BNP Paribas downgraded Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price for the company.
in a report on Wednesday, November 20th. Keefe, Bruyette & Woods upped their price objective on Toast from $40.00 to $42.
00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Wedbush upped their price objective on Toast from $35.00 to $45.
00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.
23. View Our Latest Report on TOST Toast Stock Performance Toast ( NYSE:TOST – Get Free Report ) last posted its earnings results on Wednesday, February 19th. The company reported $0.
05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01).
Toast had a net margin of 0.40% and a return on equity of 1.54%.
The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion.
On average, equities research analysts predict that Toast will post 0.38 EPS for the current year. Insider Buying and Selling In related news, Director David Yuan sold 189,785 shares of the company’s stock in a transaction that occurred on Monday, November 25th.
The stock was sold at an average price of $43.01, for a total value of $8,162,652.85.
Following the sale, the director now owns 198,829 shares in the company, valued at $8,551,635.29. This represents a 48.
84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, President Stephen Fredette sold 1,068 shares of the stock in a transaction on Tuesday, February 4th.
The shares were sold at an average price of $39.63, for a total value of $42,324.84.
Following the sale, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This trade represents a 0.
06 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 339,564 shares of company stock worth $13,577,845 in the last quarter.
Company insiders own 13.32% of the company’s stock. Institutional Investors Weigh In On Toast A number of large investors have recently bought and sold shares of TOST.
Vanguard Group Inc. lifted its stake in shares of Toast by 10.8% during the 4th 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 during the period. Capital International Investors lifted its stake in shares of Toast by 1.
9% during the 4th quarter. Capital International Investors now owns 41,961,233 shares of the company’s stock worth $1,529,657,000 after purchasing an additional 785,641 shares during the period. FMR LLC lifted its stake in shares of Toast by 22.
1% during the 4th quarter. FMR LLC now owns 29,853,639 shares of the company’s stock worth $1,088,165,000 after purchasing an additional 5,403,896 shares during the period. ValueAct Holdings L.
P. purchased a new position in shares of Toast during the 3rd quarter worth $438,301,000. Finally, State Street Corp lifted its stake in shares of Toast by 2.
5% during the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock worth $235,689,000 after purchasing an additional 206,789 shares during the period. Institutional investors and hedge funds own 82.
91% of the company’s stock. About Toast ( Get Free Report ) 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.
Further Reading Receive News & Ratings for Toast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toast and related companies with MarketBeat.com's FREE daily email newsletter ..
