ToastTOST
About: Toast is a us-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 127,000 restaurant locations across the United States as of September 2024. The firm generates sales from software subscription fees, as a percentage take rate from each financial transaction it processes, from loan origination and servicing fees from its Toast Capital arm, and from hardware installation and professional services. Unlike competitors, Toast intermediates every payment transaction on its platform, processing some $126 billion in gross platform volume in 2023. The firm's product offerings span point-of-sale systems, inventory and payroll management, delivery integration, e-commerce ordering, reservation management, and loyalty programs.
Employees: 5,500
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
61% more call options, than puts
Call options by funds: $296M | Put options by funds: $183M
15% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 65
14% more capital invested
Capital invested by funds: $10.2B [Q2] → $11.6B (+$1.4B) [Q3]
12% more repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 161
2% more funds holding
Funds holding: 497 [Q2] → 507 (+10) [Q3]
1.58% more ownership
Funds ownership: 87.16% [Q2] → 88.74% (+1.58%) [Q3]
12% less funds holding in top 10
Funds holding in top 10: 17 [Q2] → 15 (-2) [Q3]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Keefe, Bruyette & Woods Sanjay Sakhrani 64% 1-year accuracy 21 / 33 met price target | 8%upside $40 | Market Perform Maintained | 9 Dec 2024 |
DA Davidson Peter Heckmann 76% 1-year accuracy 35 / 46 met price target | 3%upside $38 | Neutral Downgraded | 5 Dec 2024 |
Goldman Sachs Will Nance 65% 1-year accuracy 28 / 43 met price target | 22%upside $45 | Neutral Downgraded | 2 Dec 2024 |
Compass Point Dominick Gabriele 73% 1-year accuracy 8 / 11 met price target | 33%upside $49 | Buy Initiated | 20 Nov 2024 |
Exane BNP Paribas Thomas Poutrieux 100% 1-year accuracy 2 / 2 met price target | 0%upside $37 | Neutral Downgraded | 20 Nov 2024 |
Financial journalist opinion
Based on 16 articles about TOST published over the past 30 days
