Toast rallies after reaching agreement with Applebee’s

Toast (TOST) announced an agreement with Dine Brands (DIN), the parent company of Applebee’s, to implement Toast technology at Applebee’s locations nationwide. In addition to Toast point-of-sale terminals, Applebee’s restaurants will use Toast Go handhelds, Toast’s Kitchen Display Systems, and Restaurant Management Suite Enterprise, the company said in a statement. Shares of Toast are up 3%, or $1.09, to $35.17 in premarket trading.