Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PAR TECHNOLOGY CORPORATION

(PAR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

PAR Technology : Why Restaurants Need to Embrace the Omnichannel Experience

06/08/2021 | 04:37pm EDT

The word 'omnichannel' has been getting tossed around a lot lately, and for good reason. What restaurants are dealing with in 2021 is an unprecedented boom in technology, allowing guests to interact with their favorite brands in virtually every medium imaginable.

According to Forrester, half of all shoppers surveyed said they expect to be able to buy something online and pick it up at the store. More importantly, Google research has shown that an astounding 98% of Americansuse more than one type of device each day. If your brand isn't on more than one medium, you're missing valuable streams of revenue that your guests are using every day, all the time.

For innovative brands, having such unlimited access to their guests and prospects means they can accept orders from anywhere, anytime, and earn more revenue along the way. For the past several years now, guests have cried out for more convenience to the food they want, when they want it. Restaurants, to their credit, have approached the idea of the omnichannel with open arms.

While the emergence of the omnichannel has been refreshing, it has not always been smooth. For some brands, the result is a hellish network of cables, tablets, and printers that leaves employees, guests, and IT employees frustrated. To tackle both the tablet hell and streamline communications with their guests, an increasing number of brands have turned to omnichannel partners to streamline the process and simplify marketing outreach.

Regardless of how it is being done today, the future is leaning toward simplicity. Restaurant technology must adapt to accept orders coming in from everywhere, correctly combine them into one format, and then seamlessly get that information into the kitchen in an orderly fashion.

Disclaimer

Par Technology Corporation published this content on 08 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2021 20:36:05 UTC.


© Publicnow 2021
All news about PAR TECHNOLOGY CORPORATION
06/15PAR TECHNOLOGY  : Wage and Hour Compliance Platform, EmployeeMetrics® Becomes PA..
PU
06/15PAR TECHNOLOGY  : Wage and Hour Compliance Platform, EmployeeMetrics® Becomes PA..
BU
06/11PAR TECHNOLOGY  : Online Ordering and Loyalty Platform Provider Appfront Joins P..
BU
06/10PAR TECHNOLOGY  : Files Shelf for Up to 1.5 Million Common Shares on Behalf of S..
MT
06/08PAR TECHNOLOGY  : Why Restaurants Need to Embrace the Omnichannel Experience
PU
06/08PAR TECHNOLOGY  : Video-Technology Provider Glimpse Joins PAR Technology's Brink..
BU
06/08PAR TECHNOLOGY CORP  : Submission of Matters to a Vote of Security Holders (form..
AQ
06/04PAR TECHNOLOGY  : How QR Codes Improve Restaurant Operations
PU
06/03CLUCKING DELICIOUS : The Chicken Sandwich Wars Heat Up
PU
05/26ICYMI : 2021 Fast Casual Top 100 Movers & Shakers Awards
PU
More news
Financials (USD)
Sales 2021 263 M - -
Net income 2021 -34,6 M - -
Net Debt 2021 179 M - -
P/E ratio 2021 -47,6x
Yield 2021 -
Capitalization 1 743 M 1 743 M -
EV / Sales 2021 7,32x
EV / Sales 2022 6,11x
Nbr of Employees 1 031
Free-Float 87,3%
Chart PAR TECHNOLOGY CORPORATION
Duration : Period :
PAR Technology Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PAR TECHNOLOGY CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 103,50 $
Last Close Price 67,44 $
Spread / Highest target 69,0%
Spread / Average Target 53,5%
Spread / Lowest Target 33,5%
EPS Revisions
Managers and Directors
NameTitle
Savneet Singh President, Chief Executive Officer & Director
Bryan A. Menar Chief Financial & Accounting Officer
Cynthia Ann Russo Independent Director
Douglas G. Rauch Independent Director
James C. Stoffel Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PAR TECHNOLOGY CORPORATION7.41%1 726
METTLER-TOLEDO INTERNATIONAL INC.18.45%31 412
CANON INC.33.24%24 975
INGENICO GROUP30.99%9 386
RICOH COMPANY, LTD.96.16%8 577
TECAN GROUP LTD.2.44%5 939