Wisconsin Capital Management LLC Sells 27,950 Shares of Toast, Inc. (NYSE:TOST)

Wisconsin Capital Management LLC trimmed its position in Toast, Inc. (NYSE:TOST) by 14.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 160,825 shares of the company’s stock after selling 27,950 shares during the period. Toast accounts for approximately 2.4% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Wisconsin Capital Management LLC’s holdings in Toast were worth $4,553,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Toast by 52.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,910 shares of the company’s stock worth $97,000 after purchasing an additional 1,345 shares during the period. Norden Group LLC bought a new stake in Toast during the first quarter valued at $254,000. Capstone Investment Advisors LLC acquired a new stake in Toast during the 1st quarter worth about $212,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Toast by 497.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,258 shares of the company’s stock worth $879,000 after acquiring an additional 29,355 shares in the last quarter. Finally, Duality Advisers LP acquired a new position in shares of Toast in the 1st quarter valued at about $1,172,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TOST. JPMorgan Chase & Co. lifted their target price on Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. DA Davidson boosted their target price on shares of Toast from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Wedbush raised shares of Toast to a “strong-buy” rating in a research note on Friday, September 6th. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $21.00 to $33.00 in a report on Thursday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $30.00 target price on shares of Toast in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.30.

Insider Transactions at Toast

In other news, Director Christopher P. Comparato sold 100,000 shares of Toast stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the completion of the sale, the director now directly owns 120,107 shares of the company’s stock, valued at approximately $2,924,605.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Toast news, Director Christopher P. Comparato sold 100,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the transaction, the director now directly owns 120,107 shares in the company, valued at $2,924,605.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elena Gomez sold 1,917 shares of Toast stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $59,580.36. Following the transaction, the chief financial officer now directly owns 159,615 shares in the company, valued at $4,960,834.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,375,651 shares of company stock valued at $38,150,212 in the last quarter. Insiders own 13.32% of the company’s stock.

Toast Trading Up 1.6 %

Shares of NYSE:TOST opened at $30.81 on Wednesday. The company has a 50-day moving average price of $27.61 and a two-hundred day moving average price of $25.77. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $31.57.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company posted ($0.19) EPS. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Toast, Inc. will post -0.1 EPS for the current fiscal year.

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.