Toast, Inc. engages in the development and provision of consumer payment application for restaurants. It offers terminals, kiosk, guest facing display, and system accessories. The firm also offers point of sale, reporting and analytics, online ordering and delivery, and kitchen display system. The company was founded by Jonathan Grimm, Aman Narang, and Stephen J. Fredette in December 2011 and is headquartered in Boston, MA.

An ongoing mix-shift toward larger enterprise restaurant chains and international restaurants could drag on Toast's long-term ARPU, GPV per unit, and margin prospects.

Big account losses by Olo (not covered) point to the difficulties in durably capturing the enterprise restaurant market that Toast appears to be increasingly targeting.

Ongoing labor and commodity cost inflation could espouse an unfortunate catch-22, with pressured operators unable or unwilling to justify near-term investment in cost-saving technology solutions.

Toast's comprehensive, restaurant-specific platform should enable Toast to capture a growing chunk of midmarket restaurant technology spending over time.

As the notoriously slow-footed restaurant industry turns to technology solutions to alleviate cost pressure, Toast should capture more than its fair share of industry growth.

With 20% of new users coming from referrals and 60% of sales growth derived from existing restaurant clients, Toast should be able to generate meaningful sales and marketing leverage over the next few years as its installed base grows.

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Toast

Why Robinhood?

About TOST

Toast, Inc. engages in the development and provision of consumer payment application for restaurants. It offers terminals, kiosk, guest facing display, and system accessories.

TOST Key Statistics

Analyst ratings

48%

Toast

Why Robinhood?

Toast, Inc. engages in the development and provision of consumer payment application for restaurants. It offers terminals, kiosk, guest facing display, and system accessories. Show more

TOST Key Statistics

Analyst ratings

48%

Toast, Inc. engages in the development and provision of consumer payment application for restaurants. It offers terminals, kiosk, guest facing display, and system accessories.