Toast (NYSE:TOST) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Toast (NYSE:TOST) had its target price raised by analysts at Wells Fargo & Company from $25.00 to $30.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 17.74% from the stock’s current price.

A number of other research firms have also recently commented on TOST. Keefe, Bruyette & Woods upped their price objective on shares of Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. DA Davidson reiterated a “neutral” rating and set a $38.00 price objective (down previously from $44.00) on shares of Toast in a report on Thursday, December 5th. BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Wednesday, November 20th. Piper Sandler upped their price target on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Stephens raised their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. One equities research 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 data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.27.

Toast Trading Down 0.3 %

Shares of NYSE:TOST traded down $0.12 during mid-day trading on Thursday, reaching $36.47. The stock had a trading volume of 626,972 shares, compared to its average volume of 4,574,625. The firm has a market cap of $17.18 billion, a PE ratio of -280.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.97. The firm has a 50 day simple moving average of $38.82 and a two-hundred day simple moving average of $30.82. Toast has a twelve month low of $16.13 and a twelve month high of $44.12.

Insider Buying and Selling

In other Toast news, General Counsel Brian R. Elworthy sold 300,000 shares of Toast stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $30.39, for a total transaction of $9,117,000.00. Following the completion of the transaction, the general counsel now owns 177,836 shares of the company’s stock, valued at $5,404,436.04. The trade was a 62.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction that occurred on 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 owns 39,834 shares of the company’s stock, valued at approximately $1,238,040.72. The trade was a 3.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 943,848 shares of company stock worth $33,409,434 in the last 90 days. Insiders own 13.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in shares of Toast in the third quarter worth approximately $28,000. Raleigh Capital Management Inc. boosted its position in shares of Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 720 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after buying an additional 496 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Toast in the 3rd quarter valued at approximately $59,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Toast in the third quarter valued at $65,000. Institutional investors own 82.91% of the company’s stock.

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.