Park Dental Partners (NASDAQ:PARK) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Park Dental Partners (NASDAQ:PARK) from a hold rating to a buy rating in a report issued on Saturday.

Several other equities analysts have also recently weighed in on the stock. Zacks Research cut shares of Park Dental Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Craig Hallum reissued a “buy” rating and issued a $30.00 price objective on shares of Park Dental Partners in a research note on Friday. Northland Securities set a $27.00 target price on Park Dental Partners in a report on Thursday. Finally, Weiss Ratings raised Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.50.

Park Dental Partners Stock Performance

PARK opened at $22.97 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average price is $19.52 and its two-hundred day moving average price is $18.52. Park Dental Partners has a 1-year low of $9.53 and a 1-year high of $26.79. The company has a market cap of $103.82 million and a price-to-earnings ratio of 31.04.

Park Dental Partners (NASDAQ:PARK) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $61.21 million for the quarter. On average, analysts expect that Park Dental Partners will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Park Dental Partners

Several hedge funds have recently modified their holdings of the company. Kennedy Capital Management LLC bought a new position in shares of Park Dental Partners in the fourth quarter valued at approximately $3,478,000. Heartland Advisors Inc. bought a new stake in Park Dental Partners during the second quarter worth $4,310,000. Pacific Ridge Capital Partners LLC purchased a new position in Park Dental Partners in the fourth quarter worth $2,316,000. Russell Investments Group Ltd. purchased a new position in Park Dental Partners in the fourth quarter worth $1,522,000. Finally, Boston Partners bought a new position in Park Dental Partners in the 4th quarter valued at $576,000.

Park Dental Partners Company Profile

Park Dental Partners (NASDAQ: PARK) is a dental support organization that provides business and administrative services to affiliated dental practices. The company focuses on enabling dental clinicians to concentrate on patient care by delivering centralized non-clinical functions that support day-to-day operations and practice growth.

Services typically offered by Park Dental Partners include practice management, billing and revenue cycle management, procurement and supply-chain support, information technology, human resources, marketing and patient acquisition, and regulatory and compliance assistance.