![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. ![]() On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. Unless something drastic changes, the future looks bleak for Toast. The problem with a product specific to one industry is that if that industry suffers, there is little to drive sales.ĭowngrades of this sort are quick to push stocks down, especially in the face of negative market momentum. With this in mind, it’s not surprising that TOST stock price predictions would be low. In the month since, we’ve seen the opposite transpire. TOST, Toast Inc Cl A - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines. In December 2021, InvestorPlace contributor Muslim Farooque speculated that the pending acquisition of Del Taco (NASDAQ: TACO) by Jack in the Box (NASDAQ: JACK) was likely to boost restaurant stocks. Stocks such as Chipotle (NYSE: CMG) and Yum! Brands (NYSE: YUM) are down today and have been struggling since the year began. One of the companies leading this change is Toast (NYSE: TOST). Recent market trends haven’t been kind to the food service industry. As a result, Toast’s customer base has diminished as restaurants look for ways to reduce costs. With outdoor dining weather still months away for much of the country, restaurants face a grim outlook. ![]() One sweet rusk bread loaf toast biscuit isolated on white. Rusk bread loaf toast biscuit, diet food. Days Range 16.70 - 18.12, 52-Week Range 11.91 - 69.93, Dividend & Yield N/A (N/A) TOST Stock Predictions, Articles, and Toast Inc Cl A News, From InvestorPlace, From the Web, Heavily Burnt. The omicron variant has led to many problems for the restaurant industry, causing customers to turn away from indoor dining. Browse 3,592 professional rusk toast stock photos available royalty-free. More than anything, this should be viewed as an example of what can happen when a company is not prepared for shifting industry tides.įollowing its October IPO, InvestorPlace contributor Will Ashworth laid out plenty of reasons to buy TOST stock. Since its early November peak, Toast has been slipping gradually, revealing its lack of staying power in a turbulent market. Restaurant-technology vendor Toast priced its IPO on Tuesday at 40 a share, the company said in a release. One share of TOST stock can currently be purchased for approximately 16.72. ![]()
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