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PAR Technology Corporation (PAR)

NYSE - Nasdaq Real-time price. Currency in USD
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37.71+0.64 (+1.73%)
As of 09:32AM EDT. Market open.
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  • o
    old_man
    there is unusual strength today when everything else is crashing. My guess is that there must be a buyout offer pending that got leaked.
  • f
    fredsam408
    PAR will dominate the enterprise #$%$ space as it has the best products and support. However, the CEO must now start managing the company for profitability. It is time and it is possible. They can grow top line and bottom line with tough management. It has been done in the past.Notwithstanding, the profitability challenge PAR is significantly undervalued based upon its increased dominance of its space and the dismal products now offered by Oracle and NCR.
  • Y
    Yahoo Finance Insights
    PAR Technology reached a 52 Week low at 31.09
  • Y
    Yahoo Finance Insights
    PAR Technology reached a 52 Week low at 31.97
  • Y
    Yahoo Finance Insights
    PAR Technology reached a 52 Week low at 32.73
  • f
    fredsam408
    Was everyone aware of this article in Kiplingers?

    June 3rd 2021 - Kiplingers’ 11 Best Tech Stocks for the Rest of 2021

    Tech stocks have struggled in recent months, but analysts are bullish on the growth prospects for these 11 picks.

    One of the 11 mentioned by Kiplinger along with Microsoft, Salesforce, Servicenow, Twilio, Palo Alto Networks, etc. is: PAR Technology which is so undervalued relative to its competition.

    PAR Technology

    Market value: $1.7 billion

    Dividend yield: N/A

    Analyst ratings: 1.0 (Strong Buy)

    PAR Technology (PAR, $67.23) is a "point-of-sale" technology provider that mainly serves restaurants. Some of its top clients at present include Pizza Hut, Taco Bell and Arby's to name a few, but PAR also increasingly does business with retailers and other commercial enterprises.

    The company's growth is in large part thanks to its best-in-class technology that focuses on cashless transactions. These most commonly include debit and credit cards, but its readers also process mobile payments like Apple Pay, PayPal and other solutions. And its systems help integrate mobile app ordering technology into a restaurant or store's financial systems.

    Needless to say, PAR is on the right side of consumer trends – particularly after the coronavirus pandemic accelerated the move away from traditional transactions into digital orders.

    Its revenues have been on a nice uptrend lately, arriving at $214 million in 2020 and expected to grow to $265 million this fiscal year and $318 million the following year. That would represent growth of 24% and 20%, respectively.

    What's more, PAR just took a big leap forward with its recent acquisition of loyalty program provider Punchh that will give it new ways to build deeper relationships with both merchants and their customers.

    Though PAR Technology is still operating at a loss as it invests heavily in growth, investors have a lot to be excited about with sales trends and future expansion plans. And a 165% return for the tech stock in the last 12 months isn't too shabby, either.
  • S
    Shoredaddy
    This dilution and conv debt are perplexing for me... why do this versus sell the defense unit?
  • a
    aby
    Is this the same PAR we are talking about, "PAR Government Systems Corp., Rome, New York, has been awarded a $490,400,000 ceiling, single award, indefinite-delivery/indefinite-quantity contract with cost-plus-fixed-fee completion and firm-fixed-price type orders for Counter-small Unmanned Aircraft System (C-sUAS) software, hardware, and technical documentation. "?
  • j
    j
    Valuation wise PAR is a very expensive stock and to justify the current price it needs some blockbuster news or event, which doesn't seem to be coming anytime soon.
  • f
    fredsam408
    Toast's target market is the small restaurant market. This market is extremely competive with many #$%$ companies having the #$%$ systems to handlle these restaurants. This segment also has a high cost of sale as many individual sales and a very high churn rate. PAR is focused on the large Tier 1 and Tier 2 Quick service and Fast Casual restaurant markets. Sales and approval at the corporate level results in hundreds and thousands of sales for corporate own stores and powerful leverage into thousands of franchisees. These are long term sales as the concepts are well established and they only make large capital decisions every 7 to 10 years. in addition, PAR's competition is limited to the older Oracle (Micros) and NCR ( Aloha) systems. PAR's target market also is heavily drive thru dependent and PAR is the strongest in drive thru with all the pieces. PAR is extremely undervalued with Toast possibly going public at a $20B valuation and Lightspeed #$%$ with a current valuation of $9.4B. Also, both these companies are losing many millions of dollars and there is no profitability in near future. PAR's current market cap of $1.6B, is 25 to 30% of what it should be!
  • f
    fredsam408
    PAR will exceed all analyst estimates for the quarter when they announce. Major backlog in all segments. PAR also getting ready to sell the government business.
  • S
    Sky
    most attention in hype stock, $NOK is now hot topic in reddit.
  • E
    EWM
    Check out the valuation of Toast on their IPO today! Seems to be a bit of a disconnect for PAR's valuation.
  • T
    Tim
    I dont know why everyone is so impressed with this company. They aren't profitable, and consume, instead of produce, cash and have been living this way for many years.
  • f
    fredsam408
    Large untapped opportunity in Tier 1 (large) domestic based QSR restaurant segment for PAR to dominate first, followed by Tier 2 domestic QSR, then with the right distribution strategy there are the hundreds of thousands of all size (Tiers) Fast Casual, Full Service, Fine Dining, etc restaurants which Brink and the new payment solution is able to satisfy and then on to International. Bottomline Micros(Oracle) and Aloha(NCR) have an old solution and the companies are unfocused, providing Brink the opportunity to quickly dominate Tier 1 QSR and then go after the new startups competing in the other segments and Tiers with poor products and poor service. The market opportunity is vast. But PAR will need more cash to completely dominate and should not be worried about profitability at this time. Another stock offering to raise more cash is needed and PAR mgt should do so soon with say another 5M share offering at $65=$70/ share. Short term drop in stock price should not deter them as result with enough cash and expanded distribution is a potential share price of $200 - $270/ share in 5 years.
    Another secondary offering should be announced and executed very soon to enable PAR to achieve its full potential.
  • f
    fredsam408
    PAR should sell the food safety business. they have some key accounts but it does not fit with the focused PAR. Brink continues to win new accounts and has backlog of thousands of stores. PAR also must find an effective go to market strategy for Brink to attack the smaller players with a simple out of box SW, HW and payment solution. their quality of product and service far exceeds the other players in this market. PAR also need to find a good inexpensive Back Office package and rebrand it as Brink. The Back Office cloud offering prices are equal to if not greater than the monthly fees for the POS SW. PAR should also separate HW into a different business unit with new talented people and go after all markets where the HW or its internal architecture is applicable - no reason to limit to restaurants. Many niche SW players in other markets would welcome the ability to offload the HW and associated support to a third party with quality products and worldwide service resources. With Goverment this is at a minimum a $550M company.
  • f
    fredsam408
    Good 4th QTR 2020 revenue growth and
    software recurring revenue annuity. BUT management needs to learn how to grow and at the same time control costs. They are hiring too many without control. There is no reason that they should be losing this much on a non-GAAP basis. The CEO needs to get a little more involved in the details and learn to say no to managers who always think they need more bodies. It is surprising how when you say no to added bodies but retain the same goals, they still hit their goals if a bonus is at stake.
  • f
    fredsam408
    Prediction PAR will announce a loss in excess of $.30 / share for Q4 2020 vs analyst estimates of a loss of only $.18 per share. And for Q1 2021 will still experience significant loss per share. PAR payment product is going no where and this is where PAR could win but the product can't compete in the large enterprise restaurant market where these brands can negotiate better rates themselves.
  • f
    fredsam408
    PAR is extremely undervalued when compared to valuations of Lightspeed and Toast. PAR should be valued at $5B. It dominates its market and there really is no reasonable competition for a complete enterprise solution. Earnings at this stage of its growth is not relevant. In fact, when you look at Lightspeed or Toast they lose about the same or in Toast's case much more. There is a window of opportunity for PAR to capture 100K plus stores over next 18 months. Have become very bullish.