Park Dental Partners (NASDAQ:PARK) Stock Rating Lowered by Zacks Research

Park Dental Partners (NASDAQ:PARK) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Park Dental Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings downgraded shares of Park Dental Partners from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Park Dental Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

Park Dental Partners Stock Performance

Park Dental Partners stock opened at $18.64 on Wednesday. The business has a 50-day simple moving average of $17.99. Park Dental Partners has a 1 year low of $9.53 and a 1 year high of $22.62.

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

Institutional Trading of Park Dental Partners

Several hedge funds have recently bought and sold shares of PARK. Boston Partners bought a new stake in Park Dental Partners in the 4th quarter valued at about $576,000. Sei Investments Co. increased its stake in Park Dental Partners by 100.0% during the 1st 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. Russell Investments Group Ltd. acquired a new position in Park Dental Partners during the 4th quarter valued at about $1,522,000. Heartland Advisors Inc. acquired a new position in Park Dental Partners during the 4th quarter valued at about $2,251,000. Finally, Pacific Ridge Capital Partners LLC acquired a new position in Park Dental Partners during the 4th quarter valued at about $2,316,000.

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.