Robert W. Baird Forecasts Strong Price Appreciation for Toast (NYSE:TOST) Stock

Toast (NYSE:TOST) had its target price boosted by research analysts at Robert W. Baird from $30.00 to $38.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential upside of 1.39% from the company’s current price.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price target on Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Bank of America upped their price objective on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. DA Davidson boosted their target price on shares of Toast from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Stephens lifted their price objective on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Toast currently has a consensus rating of “Hold” and an average target price of $31.80.

Toast Price Performance

Shares of Toast stock opened at $37.48 on Friday. The business’s 50 day simple moving average is $28.19 and its 200 day simple moving average is $25.99. Toast has a 52-week low of $13.77 and a 52-week high of $38.40.

Insider Activity

In related news, Director Christopher P. Comparato sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the transaction, the director now directly owns 120,107 shares of the company’s stock, valued at approximately $2,924,605.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Christopher P. Comparato sold 100,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the sale, the director now owns 120,107 shares of the company’s stock, valued at $2,924,605.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Stephen Fredette sold 101,574 shares of Toast stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $25.73, for a total value of $2,613,499.02. Following the completion of the transaction, the president now directly owns 2,395,685 shares of the company’s stock, valued at $61,640,975.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,375,651 shares of company stock valued at $38,150,212. 13.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Toast

Several institutional investors and hedge funds have recently bought and sold shares of TOST. Allspring Global Investments Holdings LLC raised its position in shares of Toast by 52.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,910 shares of the company’s stock valued at $97,000 after buying an additional 1,345 shares in the last quarter. Norden Group LLC bought a new stake in Toast during the first quarter worth $254,000. Duality Advisers LP bought a new stake in Toast during the first quarter worth $1,172,000. Empowered Funds LLC boosted its holdings in shares of Toast by 16.0% in the 1st quarter. Empowered Funds LLC now owns 75,100 shares of the company’s stock valued at $1,871,000 after purchasing an additional 10,363 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Toast by 1,554.6% in the 1st quarter. SG Americas Securities LLC now owns 312,844 shares of the company’s stock valued at $7,796,000 after purchasing an additional 293,937 shares during the last quarter. 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.