8 hours Ago By ABMN Staff
Toast ( NYSE:TOST – Get Free Report ) had its price objective boosted by research analysts at Canaccord Genuity Group from $43.00 to $48.00 in a research report issued to clients and investors on Thursday, Benzinga reports.
The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 27.38% from the company’s current price.
A number of other research firms have also recently issued reports on TOST. BMO Capital Markets increased their target price on Toast from $46.00 to $48.
00 and gave the stock an “outperform” rating in a report on Thursday. Oppenheimer began coverage on Toast in a report on Friday, January 24th. They set an “outperform” rating and a $46.
00 target price for the company. Keefe, Bruyette & Woods increased their target price on Toast from $40.00 to $42.
00 and gave the stock a “market perform” rating in a report on Thursday. Robert W. Baird increased their target price on Toast from $38.
00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Royal Bank of Canada increased their target price on Toast from $27.
00 to $40.00 and gave the stock a “sector perform” rating in a report 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 stock.
Based on data from MarketBeat, Toast currently has an average rating of “Hold” and a consensus price target of $40.23. View Our Latest Stock Analysis on Toast Toast Stock Down 6.
4 % Toast ( NYSE:TOST – Get Free Report ) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.32 billion. On average, equities research analysts expect that Toast will post 0.
38 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction that occurred on Tuesday, February 4th.
The shares were sold at an average price of $39.63, for a total value of $25,878.39.
Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at approximately $8,290,833.78. The trade was a 0.
31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, Director David Yuan sold 189,785 shares of Toast stock in a transaction that occurred on Monday, November 25th.
The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85.
Following the completion of the sale, the director now owns 198,829 shares of the company’s stock, valued at approximately $8,551,635.29. The trade was a 48.
84 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 339,564 shares of company stock worth $13,577,845 over the last three months.
Insiders own 13.32% of the company’s stock. Institutional Investors Weigh In On Toast A number of hedge funds and other institutional investors have recently made changes to their positions in the business.
Blue Trust Inc. grew its stake in shares of Toast by 120.4% during the fourth quarter.
Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after buying an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new stake in shares of Toast during the fourth quarter worth $26,000.
Stonebridge Financial Group LLC acquired a new position in shares of Toast during the fourth quarter worth $34,000. SBI Securities Co. Ltd.
acquired a new position in shares of Toast during the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Toast during the fourth quarter worth $40,000.
82.91% of the stock is currently owned by institutional investors and hedge funds. 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. Featured Articles 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 .
.
