PAR Technology rallies on Papa John's partnership

Papa Johns International

13/01/2026 14:22

** Shares of point-of-sale (POS) provider PAR Technology PAR.N jump 10.9% premarket to $41.99, an over three-month high, after partnership announced with Papa John's PZZA.O

** Pizza chain said late Mon it's using PAR's technology across its 3,200 U.S. restaurants

** "PAR Technology’s integrated solutions give us the scale, performance, and support infrastructure needed to run our business better and help our restaurant teams deliver every day,” PZZA chief digital and tech officer Kevin Vasconi said in the statement

** BTIG reiterated its 'buy' rating and $60 PT

** PZZA win "is another solid 'feather in the cap' for PAR" and should bolster investor confidence it is the premier enterprise restaurant tech solution, BTIG wrote in note

** PAR stock lost half its value in 2025

** 9 of 10 analysts rate the stock "strong buy" or "buy", 1 "hold"; median PT of $60 down from $77 on Oct 13, per LSEG

** PZZA shares down 0.4% at $37.95 on thin volume before the bell

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))