In yesterday’s Wall Street session, Toast Inc. (NYSE:TOST) shares traded at $20.43, up 9.08% from the previous session.
23 analysts cover Toast Inc. (NYSE:TOST), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $18.00, we find $23.00. Given the previous closing price of $18.73, this indicates a potential upside of 22.8 percent. TOST stock price is now 14.94% away from the 50-day moving average and 7.88% away from the 200-day moving average. The market capitalization of the company currently stands at $11.55B.
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The stock has received a hold rating from 12 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $23.58 as their price target over the next twelve months.
With the price target of $18, Stephens recently initiated with Equal-Weight rating for Toast Inc. (NYSE: TOST). On April 06, 2023, Deutsche Bank recently initiated its ‘Hold’ rating on the stock quoting a target price of $20, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’.
In other news, Yuan David, Director bought 135,000 shares of the company’s stock on May 15. The stock was bought for $2,624,400 at an average price of $19.44. Upon completion of the transaction, the Director now directly owns 388,614 shares in the company, valued at $7.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, Principal Accounting Officer Matlock James Michael sold 462 shares of the business’s stock. A total of $8,964 was realized by selling the stock at an average price of $19.40. This leaves the insider owning 39,234 shares of the company worth $0.8 million. Insiders disposed of 33,243,674 shares of company stock worth roughly $679.17 million over the past 1 year. A total of 2.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TOST stock. A new stake in Toast Inc. shares was purchased by ABDIEL CAPITAL ADVISORS, LP during the first quarter worth $224,801,000. EAGLE ASSET MANAGEMENT INC invested $64,686,000 in shares of TOST during the first quarter. In the first quarter, MELQART ASSET MANAGEMENT (UK) LTD acquired a new stake in Toast Inc. valued at approximately $21,346,000. ECHO STREET CAPITAL MANAGEMENT LLC acquired a new stake in TOST for approximately $19,418,000. MANE GLOBAL CAPITAL MANAGEMENT LP purchased a new stake in TOST valued at around $13,866,000 in the second quarter. In total, there are 472 active investors with 79.10% ownership of the company’s stock.
On Wednesday morning Toast Inc. (NYSE: TOST) stock kicked off with the opening price of $19.25. During the past 12 months, Toast Inc. has had a low of $12.15 and a high of $26.03. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.60, and a quick ratio of 2.40. The fifty day moving average price for TOST is $17.82 and a two-hundred day moving average price translates $18.96 for the stock.
The latest earnings results from Toast Inc. (NYSE: TOST) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.15, beating analysts’ expectations of -$0.17 by 0.02. This compares to -$0.05 EPS in the same period last year. The net profit margin was -11.00% and return on equity was -29.80% for TOST. The company reported revenue of $819.0 million for the quarter, compared to $535.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 53.08 percent. For the current quarter, analysts expect TOST to generate $940.27M in revenue.
Toast Inc.(TOST) Company Profile
Toast, Inc. operates a cloud-based digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast POS, a software module that integrates payment processing with point of sale functionality; Toast Invoicing that allows restaurants to send invoices and collect payment; Toast Mobile Order & Pay, which allows guests to scan a QR code to browse the menu, order, and pay from mobile; Kitchen Display System software that connects the house with the kitchen staff; and Multi-Location Management, a tool to manage operations and configure menus across multiple locations and channels. It also provides Toast Flex, an hardware for on-counter order and pay; Toast Go, an integrated handheld POS device; Toast Tap, a card reader for accepting EMV-contactless payments; Toast Online Ordering & Toast TakeOut, an online ordering and consumer Toast TakeOut application; First-Party Delivery, a toast delivery service; POS integration for restaurants using third-party delivery services to order intake and eliminate the need for extra third-party tablets; and loyalty, email marketing, and Toast Gift Cards services. In addition, the company offers Payroll & Team Management solution for employee performance and satisfaction; Employee management tools, such as Sling for Toast that provide streamlined scheduling and team communication; Toast Pay Card & PayOut, which offers eligible workers instant access to a portion of their tips and wages; and Tips Manager solution that automates the tip-pooling process. Further, it provides xtraCHEF a suite of back-office tools, such as accounts payable automation, inventory management, ingredient price tracker, and recipe costing for restaurants; Payment Processing, capital funding, and purchase financing solutions; insights and reporting on real-time sales, menu, and labor data; Toast Partner Connect, a portal that allows customers to discover, select, and connect their restaurant to partners; and a suite of bi-directional application programming interfaces. The company was formerly known as Opti Systems, Inc. and changed its name to Toast, Inc. in 2012. Toast, Inc. was incorporated in 2011 and is headquartered in Boston, Massachusetts.
