Toast (NYSE:TOST) Given New $44.00 Price Target at DA Davidson

Toast (NYSE:TOST) had its target price increased by DA Davidson from $35.00 to $44.00 in a report published on Tuesday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their price objective on Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Morgan Stanley increased their price target on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lifted their price objective on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price on shares of Toast in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. One equities research 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’s stock. Based on data from MarketBeat, Toast presently has an average rating of “Hold” and a consensus target price of $32.75.

Toast Stock Performance

NYSE TOST opened at $39.42 on Tuesday. The company has a fifty day moving average of $28.76 and a two-hundred day moving average of $26.22. Toast has a 1 year low of $13.77 and a 1 year high of $39.80.

Insiders Place Their Bets

In related news, CRO Jonathan Vassil sold 100,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $36.55, for a total transaction of $3,655,000.00. Following the sale, the executive now owns 39,834 shares of the company’s stock, valued at $1,455,932.70. 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 at the SEC website. In other news, CRO Jonathan Vassil sold 100,000 shares of Toast stock in a transaction on Friday, November 8th. The stock was sold at an average price of $36.55, for a total value of $3,655,000.00. Following the completion of the sale, the executive now owns 39,834 shares of the company’s stock, valued at $1,455,932.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aman Narang sold 10,106 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total value of $280,643.62. Following the transaction, the chief executive officer now owns 968,095 shares in the company, valued at $26,883,998.15. This trade 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 1,475,651 shares of company stock valued at $41,805,212. Corporate insiders own 13.32% of the company’s stock.

Institutional Investors Weigh In On Toast

Several hedge funds have recently modified their holdings of the stock. Stephens Investment Management Group LLC raised its stake in Toast by 13.1% during the third quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock worth $53,358,000 after purchasing an additional 218,959 shares during the period. QRG Capital Management Inc. grew its position in Toast by 39.7% during the second quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock valued at $2,190,000 after acquiring an additional 24,164 shares during the period. Epoch Investment Partners Inc. purchased a new stake in Toast during the first quarter valued at about $633,000. Harbor Capital Advisors Inc. grew its position in Toast by 29.3% during the third quarter. Harbor Capital Advisors Inc. now owns 103,110 shares of the company’s stock valued at $2,919,000 after acquiring an additional 23,345 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of Toast by 2,731.0% in the 3rd quarter. International Assets Investment Management LLC now owns 95,971 shares of the company’s stock worth $2,717,000 after purchasing an additional 92,581 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

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.