Lauri Patterson/E+ via Getty Images Introduction & Investment Thesis I initiated a Buy rating on Toast (NYSE:TOST) on January 17, 2024. Since then, the stock has climbed 34%. My buy thesis was predicated on my belief that the company should continue to see deeper market penetration as it successfully drives adoption of its product modules in restaurant locations in the US. At the same time, I was also impressed by the management's discipline to streamline operational efficiencies. The company announced its ...