Could Toast Inc (TOST) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, Toast Inc (NYSE:TOST) shares traded at $17.37, down -5.19% from the previous session.

As of this writing, 22 analysts cover Toast Inc (NYSE:TOST). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $31.00 and a low of $16.00, we find $26.00. Given the previous closing price of $18.32, this indicates a potential upside of 41.92 percent. TOST stock price is now -17.69% away from the 50-day moving average and -14.47% away from the 200-day moving average. The market capitalization of the company currently stands at $9.26B.

There are 12 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $24.59 as their price target over the next twelve months.

With the price target reduced from $30 to $16, Mizuho Downgraded its rating from Buy to Neutral for Toast Inc (NYSE: TOST).

In other news, Narang Aman, COO & Co-President sold 248,509 shares of the company’s stock on Sep 18. The stock was sold for $5,072,069 at an average price of $20.41. Upon completion of the transaction, the COO & Co-President now directly owns 1,143,549 shares in the company, valued at $19.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Chief Executive Officer Comparato Christopher P sold 58,000 shares of the business’s stock. A total of $1,172,934 was realized by selling the stock at an average price of $20.22. This leaves the insider owning 209,382 shares of the company worth $3.64 million. Insiders disposed of 23,327,070 shares of company stock worth roughly $405.19 million over the past 1 year. A total of 42.01% 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 WHALE ROCK CAPITAL MANAGEMENT LLC during the first quarter worth $85,853,000. DRAGONEER INVESTMENT GROUP, LLC invested $78,877,000 in shares of TOST during the first quarter. In the first quarter, FRED ALGER MANAGEMENT, LLC acquired a new stake in Toast Inc valued at approximately $60,196,000. EVENTIDE ASSET MANAGEMENT, LLC acquired a new stake in TOST for approximately $27,859,000. ALTA PARK CAPITAL, LP purchased a new stake in TOST valued at around $22,252,000 in the second quarter. In total, there are 494 active investors with 57.07% ownership of the company’s stock.

During the past 12 months, Toast Inc has had a low of $15.77 and a high of $27.00. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 2.40, and a quick ratio of 2.20. The fifty day moving average price for TOST is $21.00 and a two-hundred day moving average price translates $20.30 for the stock.

The latest earnings results from Toast Inc (NYSE: TOST) was released for Jun, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.19, missing analysts’ expectations of -$0.14 by -0.05. This compares to -$0.11 EPS in the same period last year. The net profit margin was -11.33% and return on equity was -33.74% for TOST. The company reported revenue of $978.0 million for the quarter, compared to $675.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.89 percent. For the current quarter, analysts expect TOST to generate $1.03B 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.