Park Dental Partners (NASDAQ:PARK) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Park Dental Partners (NASDAQ:PARK) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

A number of other research analysts also recently weighed in on PARK. Weiss Ratings upgraded Park Dental Partners from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. Northland Securities set a $27.00 price objective on Park Dental Partners in a research note on Thursday, August 13th. Finally, 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, August 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Park Dental Partners has an average rating of “Moderate Buy” and an average price target of $28.50.

Park Dental Partners Trading Up 1.4%

NASDAQ PARK traded up $0.30 on Friday, hitting $21.49. 42,802 shares of the stock were exchanged, compared to its average volume of 46,726. Park Dental Partners has a 52-week low of $9.53 and a 52-week high of $26.79. 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 capitalization of $102.18 million and a price-to-earnings ratio of -11.25. The company’s 50-day moving average price is $20.34 and its two-hundred day moving average price is $19.14.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its position in Park Dental Partners by 28.9% in the 3rd 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. Bleakley Financial Group LLC acquired a new position in shares of Park Dental Partners in the third quarter worth $483,000. Punch & Associates Investment Management Inc. acquired a new position in shares of Park Dental Partners in the second quarter worth $1,444,000. Heartland Advisors Inc. purchased a new stake in shares of Park Dental Partners during the second quarter worth $4,310,000. Finally, BlackRock Inc. purchased a new stake in shares of Park Dental Partners during the second quarter worth $120,000.

Park Dental Partners Company Profile

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.