Toast (NYSE:TOST) Given New $36.00 Price Target at JPMorgan Chase & Co.

Toast (NYSE:TOST) had its price objective upped by JPMorgan Chase & Co. from $28.00 to $36.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 2.31% from the stock’s previous close.

TOST has been the subject of a number of other reports. Bank of America boosted their target price on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group upped their price objective on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Robert W. Baird raised their price target on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday. Wedbush raised their target price on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a report on Friday. Finally, Stephens raised their price objective on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.15.

Toast Stock Performance

Shares of TOST traded up $4.18 during mid-day trading on Friday, reaching $36.85. 15,541,702 shares of the company were exchanged, compared to its average volume of 7,155,776. The business has a 50 day simple moving average of $27.94 and a two-hundred day simple moving average of $25.86. Toast has a 52 week low of $13.77 and a 52 week high of $38.40. The stock has a market capitalization of $16.99 billion, a PE ratio of -126.69 and a beta of 1.74.

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

Insider Buying and Selling

In related news, CEO Aman Narang sold 10,106 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total value of $280,643.62. Following the sale, the chief executive officer now owns 968,095 shares of the company’s stock, valued at approximately $26,883,998.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the sale, the executive now directly owns 39,834 shares in the company, valued at $1,238,040.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aman Narang sold 10,106 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total transaction of $280,643.62. Following the sale, the chief executive officer now owns 968,095 shares of the company’s stock, valued at $26,883,998.15. The trade was 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 valued at $38,150,212 over the last three months. 13.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toast

A number of hedge funds and other institutional investors have recently made changes to their positions in TOST. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Toast in the third quarter valued at about $257,000. Fifth Third Wealth Advisors LLC bought a new stake in Toast during the 3rd quarter worth approximately $1,912,000. Quest Partners LLC bought a new stake in Toast during the 3rd quarter worth about $1,391,000. Swiss National Bank lifted its holdings in Toast by 3.9% during the 3rd quarter. Swiss National Bank now owns 1,075,600 shares of the company’s stock worth $30,450,000 after buying an additional 40,600 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in Toast by 43.9% in the third quarter. Natixis Advisors LLC now owns 82,259 shares of the company’s stock worth $2,329,000 after purchasing an additional 25,113 shares during the period. 82.91% of the stock is 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.