PAR Technology (NYSE:PAR) Stock Price Expected to Rise, Lake Street Capital Analyst Says

PAR Technology (NYSE:PAR) had its target price increased by stock analysts at Lake Street Capital from $57.00 to $77.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Lake Street Capital’s price objective indicates a potential upside of 2.79% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. The Goldman Sachs Group lifted their price objective on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research note on Thursday, November 7th. Needham & Company LLC raised their price objective on shares of PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. Stephens upped their target price on shares of PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Benchmark reissued a “buy” rating and set a $69.00 price target on shares of PAR Technology in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, PAR Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.38.

PAR Technology Stock Down 0.3 %

NYSE:PAR opened at $74.91 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The firm’s 50-day moving average price is $57.93 and its 200-day moving average price is $51.48. The company has a market capitalization of $2.72 billion, a PE ratio of -299.64 and a beta of 2.14. PAR Technology has a 1-year low of $33.13 and a 1-year high of $75.57.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The business had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. During the same quarter in the prior year, the company earned ($0.35) earnings per share. The business’s revenue was down 9.6% compared to the same quarter last year. On average, equities analysts predict that PAR Technology will post -1.67 EPS for the current fiscal year.

Hedge Funds Weigh In On PAR Technology

Several hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after acquiring an additional 20,811 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of PAR Technology during the 3rd quarter valued at about $598,000. RiverPark Advisors LLC lifted its stake in shares of PAR Technology by 21.3% in the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after purchasing an additional 865 shares during the period. Royce & Associates LP boosted its holdings in shares of PAR Technology by 2.6% in the third quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock worth $61,677,000 after buying an additional 30,000 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in PAR Technology during the third quarter valued at approximately $308,000.

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.