Marriott Select Service Hotels Approve Toast Restaurant Technology Platform
June 14, 2023
🌥️Trending News
Marriott Select Service Hotels have given their approval for the Toast ($NYSE:TOST) restaurant technology platform. Toast is a leading cloud-based restaurant technology platform that provides restaurants with a comprehensive suite of tools necessary to manage and scale their businesses. The company’s core product is the Toast Point of Sale, an iPad-based system that is designed to allow smooth, efficient operations in the restaurant.
Additionally, Toast’s platform offers a wide range of features including mobile ordering, online ordering, inventory management, and analytics capabilities. With Marriott Select Service Hotels approval, Toast will be able to expand its reach to more restaurants, enabling them to better manage and grow their businesses.
Share Price
This news has caused a huge surge in TOAST’s stock prices, with Monday’s opening price of $22.2 and closing price of $23.2, a 6.0% rise from it’s last closing price of 21.9. TOAST has become a leader in restaurant technology, and its platform is being well-received by Marriott Select Service Hotels around the world. Toast_Restaurant_Technology_Platform”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Toast. More…
| Total Revenues | Net Income | Net Margin |
| 3.02k | -333 | -11.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Toast. More…
| Operations | Investing | Financing |
| -164 | -137 | 57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Toast. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.79k | 697 | 2.08 |
Key Ratios Snapshot
Some of the financial key ratios for Toast are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 60.1% | – | -12.4% |
| FCF Margin | ROE | ROA |
| -6.8% | -21.3% | -13.1% |
Analysis
At GoodWhale, we have conducted a financial analysis of TOAST and concluded that it is classified as a ‘cheetah’ type of company. This means that, while TOAST has achieved high revenue or earnings growth, it is considered less stable due to lower profitability. In terms of financials, TOAST is strong in asset and growth, but weak in dividend and profitability. Additionally, TOAST has an intermediate health score of 6/10, indicating that it may be able to pay off debt and fund future operations. Due to its impressive revenue and earnings growth, TOAST is likely to appeal to a wide variety of investors. These could include venture capitalists looking to invest in a highly-scalable business, or more risk-averse investors who are looking for a company with strong assets and an intermediate health score. Toast_Restaurant_Technology_Platform”>More…
Peers
In the market for point-of-sale (POS) systems, there is intense competition among a few major players. Toast Inc, GreenBox POS, Rs2 Software PLC, and Hank Payments Corp are all vying for a share of the market. All of these companies offer POS systems that are feature-rich and competitively priced.
– GreenBox POS ($NASDAQ:GBOX)
PLC is a publicly traded company with a market capitalization of 266.3 million as of 2022. It has a return on equity of 6.98%. PLC is engaged in the development, manufacture and sale of software products and services. The company’s products and services are used by businesses and organizations of all sizes, in a variety of industries, including healthcare, financial services, manufacturing, retail, and education.
– Rs2 Software PLC ($LTS:0MVH)
Hank Payments Corp is a publicly traded company that provides mobile payment solutions. The company has a market capitalization of 4.02 million as of 2022. Hank Payments Corp’s primary product is Hanko, a mobile payment application that allows users to make payments using their smartphone. Hanko is available for both Android and iOS devices.
Summary
TOAST, a restaurant technology platform, recently received approval from Marriott Select service hotels, causing its stock price to skyrocket on the same day. This is a great sign for potential investors, as it shows the company is gaining traction with big-name clients. As a result, analysts view this as an attractive growth opportunity in the technology space.
Analysts expect the stock to continue to rise as more hotels adopt TOAST’s technology platform. With its low current price and high potential for future growth, now may be a good time to invest in TOAST.
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