WCG Wealth Advisors LLC Has $745,000 Holdings in Toast, Inc. (NYSE:TOST)

WCG Wealth Advisors LLC lifted its holdings in Toast, Inc. (NYSE:TOST) by 93.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,917 shares of the company’s stock after acquiring an additional 13,967 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Toast were worth $745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Park Avenue Securities LLC boosted its holdings in shares of Toast by 1.0% in the 1st quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock worth $1,080,000 after acquiring an additional 436 shares in the last quarter. Wellington Shields & Co. LLC lifted its holdings in Toast by 3.1% during the 1st quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock worth $416,000 after buying an additional 500 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Toast by 8.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock worth $174,000 after buying an additional 520 shares in the last quarter. Comerica Bank lifted its holdings in Toast by 10.9% during the 1st quarter. Comerica Bank now owns 6,167 shares of the company’s stock worth $154,000 after buying an additional 607 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Toast by 5.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company’s stock worth $255,000 after buying an additional 774 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Toast

In related news, President Stephen Fredette sold 211,686 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the transaction, the president now directly owns 2,638,023 shares of the company’s stock, valued at approximately $62,178,202.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Christopher P. Comparato sold 100,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total value of $2,435,000.00. Following the completion of the transaction, the director now directly owns 120,107 shares of the company’s stock, valued at approximately $2,924,605.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Stephen Fredette sold 211,686 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the transaction, the president now directly owns 2,638,023 shares of the company’s stock, valued at $62,178,202.11. The disclosure for this sale can be found here. Insiders sold a total of 651,612 shares of company stock worth $16,191,520 in the last quarter. Corporate insiders own 13.32% of the company’s stock.

Toast Stock Up 2.5 %

TOST opened at $26.97 on Friday. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $27.90. The company has a fifty day simple moving average of $25.03 and a 200 day simple moving average of $24.56. The stock has a market cap of $12.43 billion, a P/E ratio of -53.94 and a beta of 1.75.

Toast (NYSE:TOST) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company earned ($0.19) EPS. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. On average, equities research analysts expect that Toast, Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on TOST shares. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Toast in a report on Wednesday, August 7th. Mizuho raised Toast from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. JPMorgan Chase & Co. upped their price objective on Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Wedbush upgraded shares of Toast to a “strong-buy” rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $29.00 target price on shares of Toast in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

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.