Professional
Added to YB: 2024-05-06
Pitch date: 2024-04-28
PAR [bullish]
PAR Technology Corporation
-15.2%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
Company Info
PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the worldwide.
Market Cap
$1.4B
Pitch Price
$43.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
-37.38
P/E
-14.50
EV/Sales
4.16
Sector
Software
Category
growth
Greenhaven Road Capital Main Fund Portfolio Holding: PAR Technology Corporation
PAR Tech (PAR): Stable restaurant POS biz + organic growth. ARR/share up 8x in 5yrs under new CEO. Major '24 growth drivers: 7K Burger King locations ($20M+ ARR), Wendy's loyalty ($6M ARR), new products (table service POS, online ordering, payments). Stuzo & TASK acquisitions add scale, profits, intl markets like Starbucks & McD's. Expects $8.30 ARR/share in '24, $10+ in '25, and transition to cash flow positive. Upside from 10x+ cash flow positive software co multiple expansion. Risks: integration, execution.
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