Piper Sandler Issues Positive Forecast for Toast (NYSE:TOST) Stock Price

Toast (NYSE:TOST) had its price target lifted by Piper Sandler from $25.00 to $35.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and increased their target price for the company from $21.00 to $33.00 in a report on Thursday, July 18th. DA Davidson boosted their price target on shares of Toast from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Toast in a research note on Wednesday, August 7th. Finally, Robert W. Baird boosted their target price on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Toast currently has a consensus rating of “Hold” and an average price target of $32.75.

Toast Stock Up 1.1 %

Shares of TOST stock opened at $40.36 on Monday. The business has a 50-day moving average price of $29.08 and a two-hundred day moving average price of $26.32. Toast has a 12-month low of $13.77 and a 12-month high of $40.65.

Insider Activity at Toast

In other news, CRO Jonathan Vassil sold 1,367 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $42,486.36. Following the completion of the transaction, the executive now directly owns 39,834 shares in the company, valued at $1,238,040.72. This trade represents a 3.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the transaction, the president now directly owns 2,638,023 shares of the company’s stock, valued at approximately $62,178,202.11. This represents a 7.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,575,651 shares of company stock worth $45,472,212 over the last ninety days. 13.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. West Branch Capital LLC purchased a new stake in shares of Toast during the second quarter valued at approximately $26,000. LRI Investments LLC bought a new stake in shares of Toast in the 1st quarter worth $27,000. Toth Financial Advisory Corp purchased a new position in shares of Toast in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Toast during the second quarter valued at $33,000. Finally, 1620 Investment Advisors Inc. bought a new stake in Toast in the 2nd quarter worth about $34,000. 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.