Brokerages Set PAR Technology Co. (NYSE:PAR) Price Target at $79.25

PAR Technology Co. (NYSE:PAR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $79.25.

PAR has been the topic of a number of recent research reports. 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. Stephens lifted their target price on shares of PAR Technology from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, November 26th. StockNews.com raised shares of PAR Technology to a "sell" rating in a report on Thursday, January 23rd. Craig Hallum lifted their target price on shares of PAR Technology from $65.00 to $85.00 and gave the company a "buy" rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group lifted their target price on shares of PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a report on Monday, December 2nd.

PAR Technology Stock Down 4.9 %

PAR stock traded down $3.21 during midday trading on Thursday, reaching $62.11. 463,990 shares of the company were exchanged, compared to its average volume of 478,579. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. PAR Technology has a 1-year low of $37.74 and a 1-year high of $82.24. The stock's 50-day simple moving average is $71.98 and its 200 day simple moving average is $64.83. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -248.19 and a beta of 2.22.

Hedge Funds Weigh In On PAR Technology

Several institutional investors have recently bought and sold shares of the company. Creative Planning purchased a new stake in shares of PAR Technology during the 3rd quarter worth $316,000. Roubaix Capital LLC boosted its position in shares of PAR Technology by 10.6% during the 3rd quarter. Roubaix Capital LLC now owns 87,464 shares of the software maker's stock worth $4,555,000 after purchasing an additional 8,411 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of PAR Technology by 106.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 84,815 shares of the software maker's stock worth $4,417,000 after purchasing an additional 43,633 shares in the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of PAR Technology during the 3rd quarter worth $14,398,000. Finally, Lisanti Capital Growth LLC purchased a new stake in shares of PAR Technology during the 3rd quarter worth $3,520,000.

About PAR Technology

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.