ToastTOST
About: Toast is an end-to-end technology platform designed to address the complex needs of the restaurant industry. The company generates point-in-time revenue through sales of its restaurant-grade hardware and recurring revenue in the form of take rates on restaurant transaction volume as well as subscriptions to its software solutions. As of fiscal 2024, the company provided services to 134,000 restaurant locations primarily in the US. Toast's typical customer is a mid-market restaurant generating slightly more than $1 million in revenue annually.
Employees: 5,700
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
62% more repeat investments, than reductions
Existing positions increased: 274 | Existing positions reduced: 169
40% more first-time investments, than exits
New positions opened: 113 | Existing positions closed: 81
30% more call options, than puts
Call options by funds: $440M | Put options by funds: $338M
4% more funds holding
Funds holding: 622 [Q4 2024] → 646 (+24) [Q1 2025]
3.58% less ownership
Funds ownership: 88.4% [Q4 2024] → 84.82% (-3.58%) [Q1 2025]
8% less capital invested
Capital invested by funds: $15.2B [Q4 2024] → $13.9B (-$1.27B) [Q1 2025]
19% less funds holding in top 10
Funds holding in top 10: 16 [Q4 2024] → 13 (-3) [Q1 2025]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
DA Davidson Peter Heckmann | 5%downside $46 | Neutral Maintained | 29 Jul 2025 |
Jefferies Samad Samana | 11%upside $54 | Buy Maintained | 18 Jul 2025 |
Truist Securities Matthew Coad | 3%upside $50 | Buy Maintained | 17 Jul 2025 |
Deutsche Bank Nate Svensson | 11%upside $54 | Buy Reinstated | 17 Jul 2025 |
BMO Capital Rufus Hone | 7%downside $45 | Outperform Maintained | 12 May 2025 |
Financial journalist opinion
Based on 24 articles about TOST published over the past 30 days









