Wells Fargo slashes price target on Toast Inc. [TOST] – find out why.


Toast Inc. [NYSE: TOST] slipped around -0.13 points on Monday, while shares priced at $19.17 at the close of the session, down -0.67%. The company report on April 18, 2022 that Toast Reimagines Quick-Service Restaurant Point-of-Sale to Help Restaurants Increase Throughput, Sales, and Serve More Guests.

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Quick service restaurants on Toast outperformed reported industry average in YoY sales in 2021[1].

On average, guests tip on 18% more transactions at QSRs when they pay through Toast Mobile Order & PayTM versus standard checkout [2].

Toast Inc. stock is now -44.77% down from its year-to-date (YTD) trading value. TOST Stock saw the intraday high of $19.36 and lowest of $18.136 per share. The company’s 52-week high price is 69.93, which means current price is +21.14% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 4.87M shares, TOST reached a trading volume of 4972632 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Toast Inc. [TOST]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TOST shares is $32.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TOST stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Toast Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 05, 2022. While these analysts kept the previous recommendation, MoffettNathanson raised their target price to Sell. The new note on the price target was released on April 05, 2022, representing the official price target for Toast Inc. stock. Previously, the target price had yet another raise to $22, while Credit Suisse analysts kept a Neutral rating on TOST stock.

The Average True Range (ATR) for Toast Inc. is set at 1.69, with the Price to Sales ratio for TOST stock in the period of the last 12 months amounting to 5.82. The Price to Book ratio for the last quarter was 5.08, with the Price to Cash per share for the same quarter was set at 2.45.

How has TOST stock performed recently?

Toast Inc. [TOST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.91. With this latest performance, TOST shares gained by 1.21% in over the last four-week period, additionally sinking by -65.90% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TOST stock in for the last two-week period is set at 44.92, with the RSI for the last a single of trading hit 43.25, and the three-weeks RSI is set at 44.75 for Toast Inc. [TOST]. The present Moving Average for the last 50 days of trading for this stock 20.85, while it was recorded at 19.13 for the last single week of trading.

Toast Inc. [TOST]: Deeper insight into the fundamentals

Toast Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 4.20.

Insider trade positions for Toast Inc. [TOST]

There are presently around $2,537 million, or 59.10% of TOST stock, in the hands of institutional investors. The top three institutional holders of TOST stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 27,533,723, which is approximately 1148.354% of the company’s market cap and around 3.40% of the total institutional ownership; LEAD EDGE CAPITAL MANAGEMENT, LLC, holding 13,003,407 shares of the stock with an approximate value of $250.97 million in TOST stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $153.45 million in TOST stock with ownership of nearly 992.893% of the company’s market capitalization.

Positions in Toast Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 130 institutional holders increased their position in Toast Inc. [NYSE:TOST] by around 92,038,520 shares. Additionally, 56 investors decreased positions by around 10,290,877 shares, while 10 investors held positions by with 29,112,515 shares. The mentioned changes placed institutional holdings at 131,441,912 shares, according to the latest SEC report filing. TOST stock had 77 new institutional investments in for a total of 32,326,429 shares, while 38 institutional investors sold positions of 4,301,338 shares during the same period.