Is PAR Technology Corp (PAR) a Smart Long-term Buy?
Baron Discovery Fund recently published its fourth-quarter commentary – a copy of which can be downloaded here. During the fourth quarter of 2020, the Baron Discovery Fund returned 25.54% (institutional shares). This was 4.07% lower than the Russell 2000 Growth Index, the Fund’s primary benchmark index. You should check out Baron Discovery Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, Baron Discovery Fund highlighted a few stocks and Par Technology Corp (NYSE:PAR) is one of them. Par Technology Corp (NYSE:PAR) is a provider of systems and service solutions for the hospitality industry. In the last three months, Par Technology Corp (NYSE:PAR) stock gained 82% and on February 1st it had a closing price of $68.87. Here is what Baron Discovery Fund said: