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

WCG Wealth Advisors LLC lifted its holdings in shares of Toast, Inc. (NYSE:TOST) by 93.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 28,917 shares of the company’s stock after buying an additional 13,967 shares during the period. WCG Wealth Advisors LLC’s holdings in Toast were worth $745,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TOST. Principal Securities Inc. acquired a new position in shares of Toast during the 4th quarter worth about $30,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of 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 during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Toast by 8,092.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 69,386 shares of the company’s stock valued at $1,267,000 after purchasing an additional 68,539 shares during the last quarter. Norges Bank acquired a new stake in Toast in the 4th quarter valued at about $76,699,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Toast by 359.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,903 shares of the company’s stock valued at $108,000 after purchasing an additional 4,617 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on TOST. Morgan Stanley raised their target price on shares of Toast from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Toast in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $26.00 target price on shares of Toast in a research note on Wednesday, May 29th. Stephens reiterated an “equal weight” rating and issued a $28.00 target price on shares of Toast in a research note on Thursday, May 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $29.00 target price on shares of Toast in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toast currently has an average rating of “Moderate Buy” and an average price target of $28.33.

Toast Stock Up 2.5 %

Toast stock opened at $26.97 on Friday. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.90. The company’s 50-day moving average price is $25.03 and its two-hundred day moving average price is $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 announced its earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned ($0.19) earnings per share. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. Equities analysts anticipate that Toast, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Transactions at Toast

In related news, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction that occurred 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 transaction, the president now directly owns 2,638,023 shares of the company’s stock, valued at $62,178,202.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Brian R. Elworthy sold 2,573 shares of Toast stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $25.64, for a total value of $65,971.72. Following the transaction, the general counsel now directly owns 170,531 shares of the company’s stock, valued at $4,372,414.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 in the company, valued at $62,178,202.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 651,612 shares of company stock valued at $16,191,520. 13.32% of the stock is currently owned by company insiders.

Toast Company Profile

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.