Olo Inc OLO is a Great Momentum Stock: Should You Buy?

Increase direct sales with our secure, fast, and reliable ordering platform, built to integrate with your systems and meet guests where they are. On average, brands see a 190% increase in same-store sales year over year. We knew we needed a restaurant-specific platform to process digital payments and combat fraud all in one place. Olo Pay is fully integrated with our tech stack, easy best forex ea for profit august 2024 to set up, and we finally have a strong relationship with our payment provider. Learn how a fully-integrated, restaurant-centric payment platform can help you drive sales, improve operations, reduce fraud, and simplify day-to-day payment processes. According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides.

These revisions helped boost OLO’s consensus estimate, increasing from $0.21 to $0.23 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period. The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock’s price movement.

Thoughtfully greet and serve dine-in and takeout guests with our all-in-one waitlist, reservation, order, and table management tool. For every 100 parties seated, Host users save 30 minutes of manual work on average. Online credit card fraud was by and large the biggest pain point we had that we didn’t have an answer to.

Wingstop, whose key food ordering and delivery providers are DoorDash and Olo, posted more than $1 billion in digital sales in 2020, a company record. Olo currently works with 400 brands across 64,000 restaurant locations, playing an integral part of a chain’s digital ordering channels. Clients include Wingstop, Applebee’s, Chili’s, Denny’s, Five Guys Burgers & Fries, Jamba, Noodles & Company, Shake Shack, Sweetgreen, Red Robin, Dairy Queen, and Cracker Barrel. The company plans to raise $450 million by offering 18 million shares at $25 a share under the NYSE ticker “Olo.” That’s up from a previous range of $16 to $18 a share set earlier this month.

Olo, founded in 2005, can best be described as a digital ordering and delivery enabling platform for restaurants. It’s integral to over 400 different restaurant chains and how they get customers their food. But for those not in the restaurant biz, the name probably isn’t familiar. QSR delivers timely and in-depth reporting on the $350 billion quick-service restaurant industry. For 25 years, QSR has defined this market, including traditional fast food, fast casual, coffee, snacks, concessions, and related segments of the foodservice industry. And a broader interest in safety through contactless-order collection pushed digital ordering even higher on the checklist.

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It’s become “mission-critical to Olo customers and the restaurant industry as a whole,” Glass says. The subscription element of Olo’s transactional SaaS model includes How to buy chz both a fixed fee component, as well as a usage-based component that increases as transaction volumes grow. It also charges per-transaction fees for certain ordering and delivery enablement products. Its first quarterly review, which recapped the Q1 period that ended March 31, reflected a rapidly shifting industry. Olo’s total revenue increased 125 percent, year-over-year, to $36.1 million as non-GAAP operating income surged 7.6 million to $6 million, or 17 percent of total revenue.

Let us share how our end-to-end, modular platform can help your restaurant increase orders, streamline operations, and improve the guest experience. We knew that we needed a restaurant-specific platform to process digital payments and combat fraud. Learn why (and how) leading brands are focusing on building a restaurant tech stack that digitizes every transaction, captures more data, and grows guest lifetime value.

1. This central ordering allows our team to see trends at a systemwide level while simplifying the lift for our operators.
2. And a broader interest in safety through contactless-order collection pushed digital ordering even higher on the checklist.
3. As of December 31, 2019, 44% of Olo’s customers used all three of its modules.
4. Brands were forced to shift attention and consumers shifted their use of restaurants to off-premises occasions.
5. Glass was early to work with fast-casual brands like Sweetgreen, which has been lauded for its tech-forward approach.
6. Olo Pay is an easy-to-launch payment solution that provides everything restaurants need to drive sales, reduce fraud, and simplify day-to-day payment processes.

The Catering Boom: 7 Reasons Your Restaurant Can’t Afford to Miss Out

Brands were forced to shift attention and consumers shifted their use of restaurants to off-premises occasions. “… our interests are aligned with our customers’ interests to help them drive direct digital traffic first and foremost,” Glass says. An interesting distinction over the years is Olo didn’t divulge into becoming a consumer brand alongside that growth. Olo currently serves more than 400 restaurant brands across the aforementioned 69,000 individual locations.

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Launching Olo Serve and optimizing our menu has helped create a frictionless online ordering experience at Portillo’s. In DoorDash’s first earnings call on Thursday, the leading third-party delivery operator posted a net loss of $312 million in the fourth quarter of 2020, compared to a loss of $134 million in the same period last year. But before there were tablets there was text messaging, which was the first ordering service Olo offered to diners and restaurants back when the company launched in 2005. Glass was early to work with fast-casual brands like Sweetgreen, which has been lauded for its tech-forward approach.

Borderless works with existing loyalty programs, enabling guests to easily sign in and earn or redeem rewards without having to enter a password. That means as you convert guest checkouts into Borderless users, those Borderless users can become loyalty users. Manage and reconcile all payments—card-present and card-not-present—in one place. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. This company is expected to earn $0.23 per share for the fiscal year ending December 2024, which represents a year-over-year atfx broker review change of 53.3%.

The change in a company’s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company’s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock. There has been increasing optimism among analysts lately about the company’s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock.