Park Dental Partners (NASDAQ:PARK) Announces Quarterly Earnings Results

Park Dental Partners (NASDAQ:PARK) announced its quarterly earnings data on Thursday. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.03 by $0.54, FiscalAI reports. The business had revenue of $64.93 million for the quarter.

Park Dental Partners Stock Performance

Park Dental Partners stock traded down $1.69 during mid-day trading on Friday, hitting $19.50. The company had a trading volume of 19,116 shares, compared to its average volume of 34,364. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.31. Park Dental Partners has a 12-month low of $9.53 and a 12-month high of $26.79. The company’s fifty day moving average is $20.32 and its 200-day moving average is $19.13. The company has a market capitalization of $92.82 million and a price-to-earnings ratio of 18.57.

Hedge Funds Weigh In On Park Dental Partners

Several institutional investors have recently made changes to their positions in PARK. BlackRock Inc. purchased a new stake in Park Dental Partners during the second quarter worth $120,000. Bleakley Financial Group LLC purchased a new position in Park Dental Partners in the third quarter valued at $483,000. Sei Investments Co. increased its holdings in Park Dental Partners by 100.0% in 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 in the last quarter. Punch & Associates Investment Management Inc. acquired a new position in shares of Park Dental Partners in the second quarter worth about $1,444,000. Finally, Heartland Advisors Inc. raised its position in shares of Park Dental Partners by 24.3% in the first quarter. Heartland Advisors Inc. now owns 189,539 shares of the company’s stock worth $3,180,000 after acquiring an additional 37,039 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PARK shares. Craig Hallum reiterated a “buy” rating and issued a $30.00 price objective on shares of Park Dental Partners in a research note on Friday, August 14th. Wall Street Zen upgraded shares of Park Dental Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Park Dental Partners from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. Finally, Northland Securities set a $27.00 price target on Park Dental Partners in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Park Dental Partners has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

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.