Toast (NYSE:TOST) Given New $47.00 Price Target at UBS Group

Toast (NYSE:TOST) had its price objective raised by stock analysts at UBS Group from $41.00 to $47.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 19.51% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Royal Bank of Canada upped their target price on Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Wells Fargo & Company increased their price objective on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. BMO Capital Markets increased their target price on shares of Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Toast in a research report on Thursday. Finally, Robert W. Baird increased their price objective on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Toast currently has an average rating of “Hold” and a consensus target price of $38.82.

Toast Stock Performance

NYSE TOST traded down $0.65 during trading hours on Thursday, reaching $39.33. The stock had a trading volume of 3,995,390 shares, compared to its average volume of 5,646,197. Toast has a 52-week low of $20.49 and a 52-week high of $44.12. The stock has a market cap of $18.52 billion, a P/E ratio of -302.35, a price-to-earnings-growth ratio of 2.27 and a beta of 1.98. The stock has a fifty day moving average of $38.59 and a 200 day moving average of $33.30.

Toast (NYSE:TOST) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. On average, equities research analysts forecast that Toast will post 0.03 EPS for the current year.

Insider Buying and Selling

In other Toast news, Director David Yuan sold 189,785 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the sale, the director now owns 198,829 shares of the company’s stock, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elena Gomez sold 2,052 shares of Toast stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the transaction, the chief financial officer now owns 160,498 shares of the company’s stock, valued at $6,360,535.74. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 339,564 shares of company stock valued at $13,577,845 in the last ninety days. Company insiders own 13.32% of the company’s stock.

Institutional Trading of Toast

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank acquired a new stake in shares of Toast in the 4th quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Toast in the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Toast during the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Toast in the fourth quarter valued at about $40,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.