Finally, StockNews.com downgraded shares of OLO from a “buy” rating to a “hold” rating in a report on Friday. Olo’s Order, Pay, and Engage solutions make your data seamless—creating a digital acceleration flywheel that drives business growth. Investors should also take note of OLO’s average 20-day trading volume.
See all the ways Olo can help you go digital
The day Olo achieved 51 percent of sales for a customer would represent the moment it became the majority order channel for that restaurant. Unlike third-party delivery providers, Olo’s prime mission is to drive digital orders through a restaurant’s own branded channels. Glass’ mobile ordering technology pre-dates the iPhone as early technology made text messaging orders between consumers and restaurants possible. Over time, our partnership has helped to increase our top-line sales, maximize profitability, establish and maintain direct consumer relationships, and collect, protect, and leverage our valuable consumer data. We knew that we needed a restaurant-specific platform to process digital payments and combat fraud.
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. But unlike other recent splashy IPOs like DoorDash, digital ordering platform Olo is flying under the radar. We’ve gained access to valuable insights like GLV, which enable us to not only customize the dining experience but also to tailor our culinary innovation and growth to the preferences and desires of our guests.
How much Restaurant Technology Development Cost in 2024?
Point72 DIFC Ltd now owns 14,388 shares of the company’s stock valued at $64,000 after purchasing an additional 4,964 shares during the last quarter. SPC Financial Inc. acquired a new position in shares of OLO during the 3rd quarter worth about $65,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of OLO by 230.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 17,532 shares of the company’s stock worth $77,000 after purchasing an additional 12,225 shares in the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.
Grow orders with simplified payments
The new digital platform allows front-line teams to offer better hospitality by processing digital orders faster. Enterprise features like scheduled orders have been “a huge convenience factor” for guests, and QDOBA is also able to unlock new revenue by adding delivery directly on the brand’s website. Over the past two months, 3 earnings estimates should i invest in silver what are your experiences with investing in silver moved higher compared to none lower for the full year.
ZacksTrade does not endorse or adopt any Best indicator for forex trading particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Over the past three months, the Zacks Consensus Estimate for the company has increased 50%. In this video, I’ll be talking about newly IPO’d OLO (OLO 2.43%) (which stands for Online Ordering). Olo in a way could be viewed as the Shopify for restaurants as it allows physical restaurants to have a digital presence and manage their business more efficiently by using its own modules. Launching Olo Serve and optimizing our menu has helped create a frictionless online ordering experience at Portillo’s. Today almost all of our orders are transacted on self-service or digital channels, which were fast-tracked due to Olo’s existing partner integrations and ecosystem.
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- “With Olo, restaurants know their consumers better and can more effectively meet their needs while maximizing on-demand commerce results,” the company stated in the regulatory filing.
- We’ve gained access to valuable insights like GLV, which enable us to not only customize the dining experience but also to tailor our culinary innovation and growth to the preferences and desires of our guests.
- Olo’s Order, Pay, and Engage solutions work together to create a Guest Data Flywheel—helping brands leverage mission-critical known guest data to drive business momentum and create a faster path to profitable growth.
- This central ordering allows our team to see trends at a systemwide level while simplifying the lift for our operators.
The company continues to grow as the industry rethinks what it once thought possible. The speed to market and the true partnership that we’ve fostered over this short time have made Carl’s Jr. and Hardee’s digitally relevant. As we on the other hand, if the rate falls from 1.03 to 0.99 look toward the future and define our roadmap, we can count on Olo. Manage and reconcile all payments—card-present and card-not-present—in one place. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.