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. To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.
- Built to scale with your brand, Olo Pay offers support for high-volume transactions and flexible payment schedules.
- Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
- Olo currently works with 400 brands across 64,000 restaurant locations, playing an integral part of a chain’s digital ordering channels.
- Grow and protect your digital business with our payment platform, proven to drive sales, reduce fraud, and simplify payment processes.
For every 100 parties seated, Host users save 30 minutes of manual work on average. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… That’s right — they think these 10 stocks are even better buys. As of December 31, 2019, 44% of Olo’s customers used all three of its modules. Olo’s platform processes an average of about 1.8 million orders a day.
Unlike third-party delivery providers, Olo’s prime mission is to drive digital orders through a restaurant’s own branded channels. Grow digital orders with confidence, knowing your payment solution can keep up. Built to scale with your brand, Olo Pay offers support for high-volume transactions and flexible payment schedules. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Power business decisions, campaigns, and growth with our Guest Data Platform, purpose-built for restaurants.
What Investors Need to Know About Olo
Enable guests to scan a QR code to access your menu, place an order, and pay for a meal, all from their own mobile device. Keep operations running smoothly by tracking online orders from anywhere in your restaurant—back-of-house with Dashboard or front-of-house with Expo. Monitor performance, process refunds, check order statuses, and more. 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. Thoughtfully greet and serve dine-in and takeout guests with our all-in-one waitlist, reservation, order, and table management tool.
Here’s a closer look at an upcoming IPO in the online ordering space.
Control your menu, item availability, pricing, and store hours from a single dashboard with brand- and location-level settings. Encourage guests to order more, and more frequently, with upsells, featured items, and LTOs. Olo Inc. disclosed Monday that the expected pricing of its initial public offering has increased to a range of between $20 and $22 a share from between $16 and $18 a share.
Dispatch enables restaurants to accommodate delivery orders through their own website or app. This is less costly than being listed on a delivery marketplace because commission fees for restaurants are less per order. Wingstop, whose key food ordering and delivery providers are DoorDash and Olo, posted more how to invest in mining stocks than $1 billion in digital sales in 2020, a company record. Olo’s technology has since adapted to meet the demands of today’s convenience-seeking consumer. Glass’ mobile ordering technology pre-dates the iPhone as early technology made text messaging orders between consumers and restaurants possible.
Its Ordering module provides chains a white label direct-to-consumer ordering channel. So when a customer orders pickup from Wingstop’s app or website, Olo is powering that service. A new food tech disruptor is making its Wall Street debut Wednesday. But unlike other recent splashy IPOs like DoorDash, digital ordering platform Olo is flying under the radar.
Olo Inc’s Stock Price as of Market Close
Think of Olo as having the universal key that unlocks dozens of doors, or tech solutions, used by restaurants. Investors outside the restaurant industry might not know much about Olo, but rest assured they will learn a lot by the end of Olo’s IPO day. The leading online ordering and delivery solution for top restaurant chains like Wingstop makes its stock market launch today. Grow and protect your digital business with our payment platform, proven to drive sales, reduce fraud, and simplify payment processes. Offer a unique, direct ordering experience that gives guests the ability to order now or later from any platform, including Google, using their preferred handoff method. Guests get the freedom of choice, while you maintain full data ownership to power business decisions and growth.
“Restaurant brands rely on Olo to increase their digital and in-store sales, maximize profitability, establish and maintain direct consumer relationships, and collect, protect, and leverage valuable consumer data,” Olo wrote in its S-1 filing. “Growing consumer demand for convenience has made off-premise consumption, which includes take-out, drive-thru, and delivery orders, the single largest contributor to restaurant industry growth,” the company wrote in a regulatory filing. Scale and protect your digital business with our comprehensive payment platform, proven to drive sales, reduce fraud, and simplify payment processes.
New York-based Olo, short for “online ordering,” was founded by Noah Glass in 2005, about one year after Grubhub was founded and several years before DoorDash https://bigbostrade.com/ and Postmates were household names. Before the pandemic, Olo’s valuation was rumored to be hovering around $1 billion, according to Bloomberg.
If approved by a judge, the class-action settlement agreement filed earlier this month would bring a payout for investors who acquired Class A common Olo stock between March 17, 2021 and Aug. 11, 2022. It estimates that class members would receive 4 cents per share after attorney’s fees and expenses are accounted for. But by the end of the year, Olo had learned that there was a chance Subway could stop using its technology, and even factored that possibility into its guidance for 2022. However, Olo didn’t disclose the Subway situation to investors, and continued to tout location growth as the year progressed.
New York-based Olo provides online ordering, payments and other services for large restaurant chains. Since going public in March 2021, it has consistently reported double-digit revenue growth, but its stock has yet to recover from the blow of losing Subway. In November, the company announced the departure of another big client, the 1,800-unit Wingstop chain, which is switching to an in-house tech system this year. Olo in New York provides an on-demand interface for the restaurant industry, designed to drive digital ordering and delivery for restaurant brands. Easily manage payments at scale using the same platform as your digital ecosystem.Olo Pay works on your behalf to drive direct digital sales, prevent fraud, and streamline day-to-day payment processes. 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.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. The company’s strategy is to work with large, well-capitalized national chains – the “fastest-growing restaurant brands in the industry,” according to Olo’s S-1 filing. 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 108% higher conversion rate with our ordering app. Discover how to maximize your restaurant revenue across channels, unlock actionable guest data, and grow your business with this comprehensive direct ordering ebook.
This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Maximize profitability, streamline operations, and meet guests where they are with our powerful ordering platform. Online ordering provider Olo has agreed to pay $9 million to settle a class-action lawsuit brought by shareholders who accused the company of failing to properly disclose the end of its relationship with Subway.