PAR Technology Stock Rating Gets a Boost by StockNews.com

In a notable development for investors, PAR Technology Corporation PAR, a key player in providing point of sale (POS) solutions for the restaurant and retail industries, has experienced an upgrade in its stock rating. The equity research firm StockNews.com has revised PAR's rating from 'sell' to a higher category based on their latest research report.

Analyst Opinions on PAR

PAR's outlook has been the subject of analysis by several brokerages. Stephens initiated coverage with an 'equal weight' rating, alongside a price target set at $43.00. This was further bolstered when Craig Hallum increased their price target for PAR from $42.00 to $50.00 and granted the company a 'buy' rating. Similarly, Lake Street Capital moved their target from $39.00 to $45.00, with Needham & Company LLC following suit from $43.00 to $47.00, both offering 'buy' recommendations. Jefferies Financial Group also joined the optimistic outlook by raising their target from $35.00 to $45.00.

Despite these positive adjustments, not all opinions were bullish. One analytical stance pegged PAR with a 'sell' rating. However, PAR holds an average 'Hold' rating from multiple analysts and a consensus price target of $45.50, painting a diverse spectrum of market expectations.

Recent Performance of PAR Stock

The trading window began on a positive note for PAR shares, opening at $34.53. Noteworthy financial metrics for the company include a debt-to-equity ratio of 1.10, a current ratio of 2.31, and a quick ratio standing at 1.99. Market capitalization stands at approximately $947.68 million, accompanied by a price-to-earnings ratio of -14.63 and a beta of 1.80. PAR has shown volatility with a 52-week low at $21.26 and peaking at $46.63. The last earnings report issued on August 9th displayed earnings per share (EPS) of negative $0.65, which did not align with the consensus estimate of negative $0.43, indicating a variance of $0.22. With a reported revenue of $100.54 million for the quarter, the figures slightly missed the projected $101.16 million expectation.

Institutional Investment Activity

There has been a noticeable flux of institutional investments in PAR. For instance, MFN Partners Management LP surged its holdings by an impressive 991.4%, now possessing 1,091,404 shares valued at around $44,027,000. Moreover, Bank of Montreal Can established a new stake approximate to $13,565,000 during the second quarter. Gamco Investors INC. ET AL also took a fresh position in the first quarter, with The Manufacturers Life Insurance Company augmenting its stake by 28.9% in the same timeframe.

About PAR Technology Corporation

Based in New Hartford, New York, PAR Technology Corporation, along with its subsidiaries, primarily dedicates itself to the restaurant and retail industry sectors on a global scale. It operates two business segments – Restaurant/Retail and Government – with offerings that include customer loyalty and engagement platforms, POS solutions, digital ordering systems, transaction-based payment processing services, and back-office cloud software among others.

Upgraded, Analysts, Investment