What Happened?
Shares of restaurant technology platform Toast (NYSE:TOST) jumped 3.4% in the afternoon session after the company announced a new integration with Innspire to power mobile food-and-beverage ordering for hotel guests.
According to Hospitality Net, Innspire, a hospitality technology provider, will integrate with Toast's Point of Sale (POS) system. The partnership will enable hotels and resorts to offer mobile ordering through branded experiences, QR codes, and in-room tablets, with orders sent directly to the Toast POS, a release stated. Rick Hertan, Director of Hotels at Toast, said the company was pleased to welcome Innspire to its partner ecosystem to help connect Toast POS with digital guest experiences.
Expanding into hotel food-and-beverage operations is expected to widen TOST’s total addressable market. Also, securing these complex, high-volume integrations should embed Toast deeper into resort infrastructure, driving incremental gross payment volume while increasing software stickiness among higher-tier enterprise clients.
The shares closed the day at $34.96, up 1.9% from the previous close.
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What Is The Market Telling Us
Toast’s shares are quite volatile and have had 19 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 3 months ago when the stock dropped 14.6% on the news that the company's weak guidance for the upcoming quarter overshadowed strong first-quarter 2026 results that beat Wall Street's expectations. For its first quarter, Toast reported revenue of $1.63 billion, meeting analyst forecasts, and delivered a GAAP profit of $0.20 per share, surpassing the consensus estimate of $0.16. The company also raised its full-year EBITDA guidance to a midpoint of $800 million, slightly ahead of expectations. However, investors focused on the negatives, as the company’s EBITDA guidance for the second quarter came in below Wall Street’s projections. This weaker near-term outlook appeared to be the primary driver of the sell-off, signaling concerns about future profitability despite the solid quarterly performance.
Toast is up 2.5% since the beginning of the year, but at $34.89 per share, it is still trading 22.6% below its 52-week high of $45.10 from August 2025. Investors who bought $1,000 worth of Toast’s shares at the IPO in September 2021 would now be looking at an investment worth $558.10.
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