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Toast (NYSE:TOST - Get Rating) had its price target cut by stock analysts at Wells Fargo & Company from $27.00 to $23.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 20.55% from the stock's current price.

A number of other research analysts also recently commented on the company. KeyCorp increased their target price on Toast from $18.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, August 12th. Credit Suisse Group boosted their target price on shares of Toast from $18.00 to $20.50 and gave the company a "neutral" rating in a research note on Friday, August 12th. Needham & Company LLC boosted their target price on shares of Toast from $21.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, August 12th. Piper Sandler lifted their price objective on Toast from $22.00 to $26.00 and gave the company an "overweight" rating in a report on Friday, August 12th. Finally, The Goldman Sachs Group lifted their price objective on Toast to $23.00 in a report on Monday, August 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.10.Toast Stock Performance

TOST opened at $19.08 on Thursday. The stock has a market capitalization of $9.77 billion and a P/E ratio of -12.00. The company's 50-day simple moving average is $16.61 and its two-hundred day simple moving average is $17.20. Toast has a 52-week low of $11.91 and a 52-week high of $69.93. Insider Transactions at Toast

In related news, CFO Elena Gomez sold 10,863 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $13.84, for a total value of $150,343.92. Following the completion of the transaction, the chief financial officer now directly owns 71,056 shares of the company's stock, valued at approximately $983,415.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Toast news, CEO Christopher P. Comparato sold 2,377 shares of the firm's stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $15.44, for a total value of $36,700.88. Following the completion of the sale, the chief executive officer now directly owns 322,272 shares of the company's stock, valued at approximately $4,975,879.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elena Gomez sold 10,863 shares of the firm's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $13.84, for a total value of $150,343.92. Following the completion of the sale, the chief financial officer now directly owns 71,056 shares of the company's stock, valued at $983,415.04. The disclosure for this sale can be found here. Insiders sold a total of 3,359,919 shares of company stock valued at $51,165,735 in the last three months. 20.16% of the stock is currently owned by company insiders. Institutional Trading of Toast

A number of hedge funds and other institutional investors have recently modified their holdings of TOST. Verition Fund Management LLC purchased a new position in shares of Toast during the 2nd quarter worth $474,000. Legal & General Group Plc purchased a new position in shares of Toast during the 2nd quarter worth $373,000. ExodusPoint Capital Management LP grew its holdings in shares of Toast by 270.3% during the 2nd quarter. ExodusPoint Capital Management LP now owns 71,235 shares of the company's stock worth $922,000 after purchasing an additional 51,996 shares during the period. Walleye Capital LLC purchased a new position in shares of Toast during the 2nd quarter worth $7,206,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Toast by 286.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 242,610 shares of the company's stock valued at $3,139,000 after acquiring an additional 179,865 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds. About Toast (Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.See AlsoGet a free copy of the StockNews.com research report on Toast (TOST)GameStop Stock Just Flashed A Buy Signal 3 High Margin Chipmakers Bound to Recover3 Solar Stocks That Will Benefit From the Biden Tariff Holiday REV Group Has A Deep Moat In The World Of EVs Is G-III Apparel Group, Ltd. A Value Trap? 

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