Toast’s (TOST) Market Perform Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of Toast (NYSE:TOSTFree Report) in a report issued on Wednesday, Benzinga reports. The firm currently has a $26.00 price objective on the stock.

A number of other analysts also recently issued reports on TOST. Robert W. Baird downgraded shares of Toast from an outperform rating to a neutral rating and set a $28.00 price objective for the company. in a report on Tuesday, May 21st. Baird R W downgraded shares of Toast from a strong-buy rating to a hold rating in a report on Tuesday, May 21st. Royal Bank of Canada boosted their price objective on shares of Toast from $23.00 to $27.00 and gave the company a sector perform rating in a report on Wednesday, May 8th. BNP Paribas raised shares of Toast from a neutral rating to an outperform rating and set a $30.00 price objective for the company in a report on Thursday, March 7th. Finally, Piper Sandler boosted their price objective on shares of Toast from $20.00 to $25.00 and gave the company a neutral rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Toast presently has a consensus rating of Hold and an average price target of $26.14.

Check Out Our Latest Report on Toast

Toast Stock Performance

Shares of TOST opened at $24.23 on Wednesday. Toast has a 52 week low of $13.77 and a 52 week high of $27.90. The firm has a market cap of $10.98 billion, a P/E ratio of -48.46 and a beta of 1.77. The firm’s 50-day simple moving average is $24.39 and its 200 day simple moving average is $20.73.

Toast (NYSE:TOSTGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, meeting analysts’ consensus estimates of ($0.15). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. Toast’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.16) EPS. As a group, equities analysts forecast that Toast will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Toast

In other Toast news, CRO Jonathan Vassil sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total value of $2,524,000.00. Following the completion of the transaction, the executive now directly owns 22,956 shares in the company, valued at approximately $579,409.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, President Stephen Fredette sold 2,272 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $53,164.80. Following the completion of the sale, the president now directly owns 2,835,759 shares in the company, valued at $66,356,760.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CRO Jonathan Vassil sold 100,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $25.24, for a total transaction of $2,524,000.00. Following the sale, the executive now owns 22,956 shares of the company’s stock, valued at $579,409.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,010 shares of company stock worth $6,001,260. 13.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toast

Several large investors have recently modified their holdings of the company. LRI Investments LLC acquired a new stake in shares of Toast during the first quarter worth $27,000. Washington Harbour Partners LP grew its holdings in Toast by 164.4% in the first quarter. Washington Harbour Partners LP now owns 152,300 shares of the company’s stock worth $3,795,000 after purchasing an additional 94,700 shares during the period. XN LP grew its holdings in Toast by 40.9% in the first quarter. XN LP now owns 5,055,225 shares of the company’s stock worth $125,976,000 after purchasing an additional 1,467,339 shares during the period. iA Global Asset Management Inc. acquired a new stake in Toast in the first quarter worth $4,350,000. Finally, LBP AM SA acquired a new stake in Toast in the first quarter worth $466,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Company Profile

(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.

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