Latest news with #MenuPriceMonitor
USA Today
3 days ago
- Business
- USA Today
Eating out? These menu items will cost you more.
That dinner out for the family or your next date night meal might cost a little more, according to the latest look at June menu price changes by Toast. According to the June Menu Price Monitor by the digital technology platform, menu prices of some popular items remain higher than a year ago. For the month of June, the median price of a premium cup of coffee, cold brew, beer and a burger have all crept up. Two items on the menu went down slightly in price: burritos and wings. The median price of a cup of regular coffee remained unchanged from May, according to the survey. "As restaurants try to navigate the current climate, inflation and rising costs are top of mind," Brian Koerber, principal of brand journalism and news at Toast told USA TODAY. Restaurants are utilizing various strategies to deal with inflation, Koerber said, including increasing prices, conducting profit analysis, adjusting food suppliers, tracking ingredient costs, and managing inventory. What menu prices went up? Here's a look at how June menu prices fared, according to the Toast data: More people are eating out Consumers spent more at restaurants than at grocery stores over the past several months, according to a new analysis and report by Bank of America Institute. Grocery spending has lagged restaurant spending since March and is up 1% year over year in June compared to 2.1% in 2024, according to aggregated credit card and debit card data from Bank of America. However, in contrast to the spending data, when consumers were asked what they have done recently to reduce expenses, they said they were cutting spending at restaurants. Bank of America aggregated data shows households increased their spending at full service restaurants, and also how often they dined out in June. "Looking across Bank of America card data, we see households made fewer visits to quick-service restaurants (QSRs) and increased the number of transactions at full-service, casual dining spots in June on a YoY (year over year) growth basis," the report said. Additionally, the spending growth per transaction for lower-income households was greater than other income levels at both limited and full-service dining, the report said. "But the growth in the number of transactions was much lower in June, suggesting the first pull back in spending could come in the number of trips, but not necessarily the money spent," the report said. Betty Lin-Fisher is a consumer reporter for USA TODAY. Reach her at blinfisher@ or follow her on X, Facebook or Instagram @blinfisher and @ on Bluesky. Sign up for our free The Daily Money newsletter, which will include consumer news on Fridays, here.
Yahoo
14-05-2025
- Business
- Yahoo
Toast (NYSE:TOST) Unveils Menu Price Monitor Offering Unique Insights Into US Restaurant Trends
Toast experienced a significant stock price increase of 29% over the past month. The upward momentum coincides with several developments. The most impactful was the launch of the Menu Price Monitor on May 13, providing valuable pricing insights to over 140,000 restaurant locations. Additionally, Q1 2025 earnings results showed robust growth, with revenue up from the previous year. Coupled with a strategic partnership announcement with Topgolf, these initiatives enhanced market sentiment toward the company. While broader market trends showed a rally led by the tech sector, Toast's company-specific advancements likely added further weight to its impressive stock performance. We've spotted 1 weakness for Toast you should be aware of. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The recent launch of Toast's Menu Price Monitor and its strategic partnership with Topgolf are important developments contributing to the positive narrative around the company. These initiatives could potentially enhance future revenue by providing significant data insights to its clients, supporting Toast's forecasted expansion into new segments and international markets. This aligns with Toast's focus on increasing customer adoption and improving top-line revenue through data-driven strategies and AI. As the company continues to prioritize R&D investment, these moves likely bolster its revenue and earnings forecasts, highlighting potential growth areas amid competitive markets. Over the past three years, Toast's total return, including share price and dividends, reached a substantial 225.39%. In the last year alone, Toast significantly outperformed the US Diversified Financial industry, which returned 22.1%, and the broader US market, which returned 11.5%. This suggests robust investor confidence and perceived growth potential relative to both industry and market benchmarks. Despite a recent share price increase of 29%, pushing it to US$36.21, Toast still trades at a discount compared to the consensus analyst price target of US$41.03. This implies an anticipated upside potential of approximately 11.8% from the current price, reflecting optimistic expectations about the company's future performance. However, with analysts generally valuing Toast above its present market price, investors might view this as an opportunity to assess how the company's strategic advancements align with its long-term growth trajectory. Our valuation report here indicates Toast may be overvalued. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:TOST. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
