ToastTOST
Market Cap: $13.1B
About: Toast is a us-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 120,000 restaurant locations across the United States at the end of June 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 Q2 SEC filings by fund managers ($100M+ AUM)
98% more call options, than puts
Call options by funds: $279M | Put options by funds: $141M
39% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 71
30% more repeat investments, than reductions
Existing positions increased: 190 | Existing positions reduced: 146
13% more funds holding in top 10
Funds holding in top 10: 15 [Q1] → 17 (+2) [Q2]
10% more capital invested
Capital invested by funds: $9.03B [Q1] → $9.9B (+$871M) [Q2]
6% more funds holding
Funds holding: 466 [Q1] → 494 (+28) [Q2]
1.83% more ownership
Funds ownership: 82.97% [Q1] → 84.8% (+1.83%) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
JP Morgan Tien-Tsin Huang 59% 1-year accuracy 30 / 51 met price target | 20%upside $28 | Neutral Maintained | 20 Aug 2024 |
JP Morgan Tien-Tsin Huang 59% 1-year accuracy 30 / 51 met price target | 7%upside $25 | Neutral Maintained | 7 Aug 2024 |
RBC Capital Daniel Perlin 70% 1-year accuracy 38 / 54 met price target | 16%upside $27 | Sector Perform Reiterated | 7 Aug 2024 |
B of A Securities Jason Kupferberg 46% 1-year accuracy 6 / 13 met price target | 12%upside $26 | Neutral Maintained | 7 Aug 2024 |
Morgan Stanley Josh Baer 55% 1-year accuracy 12 / 22 met price target | 29%upside $30 | Overweight Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 5 articles about TOST published over the past 30 days