Do you believe in the benefits of PAR Technology Corporation (PAR)?
Investment management company Baron Funds has released its first quarter 2025 investor Baron Small Cap Fund. A copy of a letter can do so I downloaded it from here. In the first quarter of 2025, the fund fell 9.07% (institutional stock) compared to a return of Russell 2000 Growth Index (The Index) -11.12%. Small caps continued to significantly lower their larger market capitalization, which led the fund to lag behind the Russell 3000 Index, down 4.72% that quarter. Plus, check out our top 5 holdings funds to find out the best picks of 2025.
In its first quarter of 2025 investor letter, Baron Small Cap Fund was announced on PAR Technology Corporation (NYSE:Par). Par Technology Corporation (NYSE:PAR) provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industry. PAR Technology Corporation (NYSE:PAR)’s one-month return was 10.27%, with its shares earning 36.43% of its value over the past 52 weeks. On May 23, 2025, PAR Technology Corporation (NYSE:PAR) stock closed at $65.95 per share with a market capitalization of $2.677 billion.
In its first quarter 2025 investor letter, Baron Small Cap Fund said the following about PAR Technology Corporation (NYSE: PAR).
“I bought a stock Par Technology Corporation (NYSE: PAR), leading software, hardware and service providers in the food service industry. PAR runs the most important part of the technology stack by building an all-in-one software and service platform for enterprise restaurants and convenience stores. Historically, the company was known as the hardware supplier for a large QSR restaurant chain, but since CEO Savneet Singh took on the role in late 2018, he has made software a major focus in the business through organic investments and M&A. The company has added several complementary software pieces to its core point of sale software products (software revenues under $10 million when Savneet took over), and built an integrated technology platform that provides integrated solutions and data insights that support $275 million in ARR.
