Park Dental Partners (NASDAQ:PARK) Stock Rating Lowered by Wall Street Zen

Park Dental Partners (NASDAQ:PARK) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other analysts have also recently issued reports on the company. Northland Securities set a $27.00 price objective on Park Dental Partners in a report on Thursday, August 13th. Craig Hallum reaffirmed a “buy” rating and set a $30.00 target price on shares of Park Dental Partners in a report on Friday, August 14th. Finally, Weiss Ratings upgraded Park Dental Partners from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.50.

Park Dental Partners Trading Up 1.4%

NASDAQ:PARK opened at $21.49 on Friday. Park Dental Partners has a 1 year low of $9.53 and a 1 year high of $26.79. The stock’s fifty day moving average price is $20.34 and its two-hundred day moving average price is $19.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $102.18 million and a P/E ratio of -11.25.

Park Dental Partners (NASDAQ:PARK) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.54. The company had revenue of $64.93 million during the quarter. Park Dental Partners had a positive return on equity of 30.03% and a negative net margin of 1.21%. As a group, analysts expect that Park Dental Partners will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Park Dental Partners in the second quarter worth $120,000. Bleakley Financial Group LLC purchased a new stake in shares of Park Dental Partners in the third quarter worth $483,000. Marshall Wace LLP raised its position in shares of Park Dental Partners by 28.9% in the third quarter. Marshall Wace LLP now owns 31,918 shares of the company’s stock worth $649,000 after buying an additional 7,163 shares in the last quarter. Sei Investments Co. boosted its stake in Park Dental Partners by 100.0% during the first quarter. Sei Investments Co. now owns 34,766 shares of the company’s stock valued at $583,000 after buying an additional 17,383 shares during the period. Finally, Punch & Associates Investment Management Inc. bought a new stake in Park Dental Partners during the second quarter valued at $1,444,000.

About Park Dental Partners

Park Dental Partners is a dental support organization that provides business, administrative and operational services to affiliated dental practices. Its support includes functions such as staffing, technology, marketing and practice operations, allowing dental professionals to focus on patient care. Affiliated practices provide general and specialty dental services, including preventive and restorative care. The company’s network is concentrated in Minnesota and also serves patients in Wisconsin.