Toast (NYSE:TOST) Price Target Raised to $39.00

Toast (NYSE:TOST) had its target price upped by Piper Sandler from $32.00 to $39.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Toast in a report on Wednesday, May 20th. Robert W. Baird increased their target price on Toast from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Mizuho decreased their price target on shares of Toast from $45.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Toast from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Toast in a report on Monday, June 1st. Seventeen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.62.

Toast Price Performance

NYSE:TOST opened at $34.47 on Wednesday. The firm has a 50-day moving average of $28.44 and a two-hundred day moving average of $27.90. The stock has a market cap of $17.72 billion, a P/E ratio of 44.19 and a beta of 1.72. Toast has a 1-year low of $22.26 and a 1-year high of $46.11.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%.The firm’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. As a group, equities analysts expect that Toast will post 0.98 earnings per share for the current year.

Insider Activity

In other Toast news, CEO Aman Narang sold 13,510 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $35.02, for a total value of $473,120.20. Following the completion of the sale, the chief executive officer directly owned 161,948 shares in the company, valued at $5,671,418.96. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Stephen Fredette sold 9,146 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $28.85, for a total transaction of $263,862.10. Following the sale, the president directly owned 931,449 shares of the company’s stock, valued at approximately $26,872,303.65. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 333,373 shares of company stock valued at $10,388,372 over the last 90 days. Corporate insiders own 10.03% of the company’s stock.

Institutional Investors Weigh In On Toast

Institutional investors and hedge funds have recently modified their holdings of the stock. Bayban acquired a new position in shares of Toast in the 4th quarter valued at $25,000. SHP Wealth Management acquired a new position in shares of Toast in the fourth quarter worth about $29,000. Strive Financial Group LLC purchased a new position in Toast during the 4th quarter worth approximately $29,000. Silicon Valley Capital Partners acquired a new stake in Toast during the 4th quarter valued at $36,000. Finally, Quadrant Capital Group LLC raised its stake in Toast by 2,083.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock valued at $37,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Key Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analysts raise price targets: BMO Capital Markets lifted its Toast price target to $40, while Needham and Keefe, Bruyette & Woods also expressed expectations for meaningful appreciation. These calls reinforce the bullish case following Toast’s growth and improving profitability. BMO Capital Markets Raises Toast Price Target Needham Forecasts Toast Price Appreciation Keefe Bruyette Woods Toast Outlook
• Positive Sentiment: AI and partnership momentum: A report highlights Toast’s AI initiatives and relationships with Google and hotel operators as potential catalysts for expanding its addressable market and strengthening the long-term growth story. Toast AI, Google, and Hotel Partnership Report
• Positive Sentiment: Options activity signals bullish positioning: High trading volume in Toast call options suggests some traders are positioning for additional upside, although options activity is a market signal rather than a change in fundamentals. Toast High Call Option Volume
• Neutral Sentiment: Mixed quarterly results: Toast exceeded revenue expectations, reporting $1.91 billion, up 23.1% year over year, but adjusted earnings per share fell short of consensus estimates. The revenue growth supports the bull case, while the earnings miss raises questions about execution and near-term margins. Toast Second Quarter Sales Report
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis recommended trimming the position, arguing that Toast’s valuation could become difficult to justify if growth or profitability slows. This is a risk after the stock’s recent rally. Toast Valuation Downgrade
• Negative Sentiment: Executives sell shares: CEO Aman Narang sold approximately $4.9 million of Toast stock, while the CFO and CRO also sold shares. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than diminished confidence, but the volume can still weigh on sentiment.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.