Billionaire Mason Morfit’s 10 Stock Picks with Highest Upside Potential

6. Toast, Inc. (NYSE:TOST)

Potential Upside: 13.35%

Number of Hedge Fund Holders: 63

Toast Inc. (NYSE:TOST) stands as one of the high-potential companies in Mason Morfit’s investment portfolio. It focuses on restaurant technology and has become a game-changer in hospitality software. Morfit’s company has invested $311.6 million in Toast, about 7.09% of its total portfolio, showing its trust in Toast’s future.

Toast Inc. (NYSE:TOST) just introduced ToastIQ, a smart system that uses real-time data, AI, and trends from over 130,000 restaurants to improve operations. ToastIQ enhances efficiency across restaurant roles with features like Menu Upsells, Shift at a Glance, and Digital Chits. This toolset boosts order values, improves team communication, and creates better guest experiences, all without changing the menu. A popular Atlanta restaurant saw a 6% increase in average order value during early testing, with servers confidently suggesting high-margin upgrades.

The company had an amazing year in 2024, adding 28,000 new locations, growing gross profit by 34%, and making a GAAP profit for the first time. Toast is expanding its U.S. market share and entering enterprise, international, and food retail markets. Its partnerships with Hilton Hotels and Ascent Brands were a major turning point. Moreover, investments in AI and data tools are helping customers earn more ARPU and operate more efficiently. With just 15% of the U.S. market, Toast Inc. (NYSE:TOST) has plenty of room to grow in the future.

With its restaurant-specific innovation and strong fit for the market, Toast remains a smart bet in Mason Morfit’s stock portfolio and a promising disruptor in restaurant technology.