Lake Street Capital Issues Positive Forecast for PAR Technology (NYSE:PAR) Stock Price

PAR Technology (NYSE:PAR) had its target price lifted by Lake Street Capital from $57.00 to $77.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

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

PAR Technology Trading Down 0.9 %

Shares of PAR opened at $74.27 on Monday. PAR Technology has a 12 month low of $34.63 and a 12 month high of $76.10. The stock’s 50-day moving average is $58.36 and its two-hundred day moving average is $51.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 2.80. The stock has a market cap of $2.70 billion, a PE ratio of -297.07 and a beta of 2.14.

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

Institutional Investors Weigh In On PAR Technology

Several institutional investors and hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI acquired a new position in PAR Technology in the second quarter valued at approximately $32,000. Amalgamated Bank grew its stake in PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after buying an additional 237 shares during the last quarter. LRI Investments LLC acquired a new stake in PAR Technology in the first quarter worth $99,000. nVerses Capital LLC bought a new stake in PAR Technology in the third quarter valued at $125,000. Finally, RiverPark Advisors LLC acquired a new stake in shares of PAR Technology in the 2nd quarter worth 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.