Suburban Propane Partners LP (NYSE:SPH) Director John D. Collins sold 5,696 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $29.23, for a total value of $166,494.08. Following the completion of the transaction, the director now owns 32,445 shares of the company’s stock, valued at $948,367.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Suburban Propane Partners LP (NYSE:SPH) traded up 5.30% during midday trading on Friday, hitting $29.82. The stock had a trading volume of 297,323 shares. Suburban Propane Partners LP has a 52 week low of $20.93 and a 52 week high of $37.10. The firm has a market cap of $1.81 billion, a P/E ratio of 259.30 and a beta of 0.69. The company’s 50 day moving average is $31.56 and its 200 day moving average is $32.85.

Suburban Propane Partners (NYSE:SPH) last issued its earnings results on Thursday, November 10th. The company reported ($0.99) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.82) by $0.17. The business earned $161 million during the quarter, compared to analyst estimates of $196.39 million. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.11) EPS. On average, equities analysts predict that Suburban Propane Partners LP will post $1.82 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 8th. Shareholders of record on Tuesday, November 1st were issued a $0.887 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $3.55 dividend on an annualized basis and a yield of 11.90%.

A number of equities analysts have weighed in on SPH shares. Zacks Investment Research downgraded Suburban Propane Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Stifel Nicolaus raised Suburban Propane Partners from a “hold” rating to a “buy” rating and upped their price target for the stock from $34.00 to $36.00 in a research report on Thursday, October 13th. Finally, Credit Suisse Group AG set a $30.00 price target on Suburban Propane Partners and gave the stock a “sell” rating in a research report on Thursday, November 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.20.

A number of large investors have recently modified their holdings of the company. Mosaic Family Wealth LLC increased its stake in shares of Suburban Propane Partners by 0.4% in the third quarter. Mosaic Family Wealth LLC now owns 4,224 shares of the company’s stock worth $141,000 after buying an additional 18 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in shares of Suburban Propane Partners by 64.4% in the third quarter. Cetera Advisor Networks LLC now owns 18,249 shares of the company’s stock worth $608,000 after buying an additional 7,151 shares during the last quarter. Morgan Stanley increased its stake in shares of Suburban Propane Partners by 7.2% in the third quarter. Morgan Stanley now owns 561,212 shares of the company’s stock worth $18,689,000 after buying an additional 37,589 shares during the last quarter. Mcdaniel Terry & Co. increased its stake in shares of Suburban Propane Partners by 10.0% in the third quarter. Mcdaniel Terry & Co. now owns 6,600 shares of the company’s stock worth $220,000 after buying an additional 600 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in shares of Suburban Propane Partners by 1.4% in the third quarter. BB&T Securities LLC now owns 27,272 shares of the company’s stock worth $908,000 after buying an additional 378 shares during the last quarter.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P. (the Partnership) is a marketer and distributor of a range of products meeting the energy needs of the customers. The Company is specialized in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets.

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