Toast (NYSE:TOST) Now Covered by Analysts at Compass Point

Investment analysts at Compass Point started coverage on shares of Toast (NYSE:TOST) in a report released on Wednesday, Marketbeat reports. The brokerage set a “buy” rating and a $49.00 price target on the stock. Compass Point’s price target points to a potential upside of 15.68% from the company’s current price.

Several other brokerages have also commented on TOST. Deutsche Bank Aktiengesellschaft boosted their price objective on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Robert W. Baird upped their target price on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Morgan Stanley upped their target price on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Wedbush boosted their price objective on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company raised their target price on shares of Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.86.

Toast Stock Down 0.3 %

TOST stock opened at $42.36 on Wednesday. Toast has a twelve month low of $13.77 and a twelve month high of $43.29. The firm has a market capitalization of $19.95 billion, a PE ratio of -325.85, a PEG ratio of 54.16 and a beta of 1.74. The stock has a 50-day simple moving average of $30.80 and a two-hundred day simple moving average of $26.94.

Insider Transactions at Toast

In other news, CRO Jonathan Vassil sold 1,367 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Aman Narang sold 10,106 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the transaction, the chief executive officer now directly owns 968,095 shares in the company, valued at approximately $26,883,998.15. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,475,651 shares of company stock valued at $43,037,212 in the last ninety days. Corporate insiders own 13.32% of the company’s stock.

Hedge Funds Weigh In On Toast

Several hedge funds have recently bought and sold shares of TOST. Mitsubishi UFJ Trust & Banking Corp grew its position in Toast by 3.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 176,003 shares of the company’s stock valued at $4,382,000 after acquiring an additional 5,421 shares during the last quarter. Covestor Ltd grew its position in Toast by 487.7% in the 1st quarter. Covestor Ltd now owns 3,003 shares of the company’s stock valued at $75,000 after acquiring an additional 2,492 shares during the last quarter. UniSuper Management Pty Ltd grew its position in Toast by 188.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $122,000 after acquiring an additional 3,200 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in Toast by 13.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 314,519 shares of the company’s stock valued at $7,833,000 after acquiring an additional 38,031 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Toast by 38.2% in the 1st quarter. Advisors Asset Management Inc. now owns 4,086 shares of the company’s stock valued at $102,000 after acquiring an additional 1,130 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

About Toast

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.