|Bid||55.50 x 1100|
|Ask||55.87 x 1100|
|Day's range||54.82 - 58.45|
|52-week range||49.00 - 65.99|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Toast's business started in point-of-sale software, but it has since expanded into offering nearly every back-end service its 48,000 restaurant partners could need. Through its platform, Toast is hoping to reduce the complexity of effectively managing a restaurant. Toast wants to be the one-stop shop for these businesses, and the company has ramped up the number of services it offers -- now almost two dozen of them -- including everything from payroll to payment processing to marketing.
Restaurant technology company Toast (NYSE: TOST) recently went public in a highly anticipated IPO, and the stock's current market cap of nearly $27 billion is causing many investors to take a step back. Danny Vena: One of the things is if you are an owner of a restaurant, you have this herculean task of having to handle a multitude of different computer software. You have to handle software for placing your guest orders.
Unfortunately, that disconnect often shows up often when new and exciting companies like the restaurant point-of-sale platform Toast (NYSE: TOST) go public. There are reasons to be excited about Toast as a company, but here's why I'm passing on the company's recent IPO -- at least for now. Toast is a cloud-based, point-of-sale (POS) and software service that helps manage all aspects of running a restaurant business, including order entry, menu management, analytics, online ordering, and much more.