PAR Technology Co. (NYSE:PAR) Receives $73.00 Consensus Price Target from Analysts

PAR Technology Co. (NYSE:PAR) has earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $77.38.

Several analysts have commented on the stock. Jefferies Financial Group upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and lifted their price objective for the company from $45.00 to $60.00 in a research note on Monday, August 12th. Craig Hallum lifted their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Stephens lifted their target price on shares of PAR Technology from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Needham & Company LLC lifted their target price on shares of PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Lake Street Capital lifted their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th.

PAR Technology Stock Down 0.9 %

Shares of PAR Technology stock opened at $72.32 on Tuesday. The firm’s 50 day moving average price is $59.16 and its 200-day moving average price is $51.98. The company has a quick ratio of 2.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology has a 52-week low of $34.87 and a 52-week high of $76.10. The company has a market cap of $2.63 billion, a P/E ratio of -289.28 and a beta of 2.14.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. During the same quarter in the previous year, the firm earned ($0.35) EPS. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, sell-side analysts predict that PAR Technology will post -1.67 EPS for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

A number of large investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI acquired a new position in shares of PAR Technology during the 2nd quarter valued at about $32,000. Amalgamated Bank boosted its position in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after acquiring an additional 237 shares during the last quarter. LRI Investments LLC acquired a new position in shares of PAR Technology during the 1st quarter valued at about $99,000. nVerses Capital LLC acquired a new position in shares of PAR Technology during the 3rd quarter valued at about $125,000. Finally, RiverPark Advisors LLC acquired a new position in shares of PAR Technology during the 2nd quarter valued at about $191,000.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.