Toast Stock Jumps After Company Teams Up With Google: What's Going On?

Toast Inc TOST shares are trading higher after the company announced it teamed up with Alphabet Inc's GOOG Google to launch a new ordering channel.

What Happened: Toast announced a new "Order with Google" integration that allows restaurants using Toast online ordering to unlock a new channel for more orders. Order with Google is fully integrated with the Toast Point of Sale.

"We are thrilled to collaborate with Google to help Toast customers maximize their online presence and take control of their ordering channels. As restaurants continue to grow their takeout and delivery business, this integration will increase Toast customers' visibility through Google Search and Maps—with ordering made easy for guests," said Aman Narang, co-founder and COO of Toast.

The new Google integration will allow restaurants to take control of takeout and delivery through new channels, manage ordering with seamless integrations and offer a seamless guest experience.

Toast is a U.S.-based restaurant technology company that provides point-of-sale, payment processing and various software services to thousands of restaurant locations across the U.S.

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TOST Price Action: Toast has a 52-week high of $30.60 and a 52-week low of $11.91.

The stock was up 3.31% at $24.03 at time of publication, according to Benzinga Pro.

Photo: courtesy of Toast.