Suburban Propane Partners LP (NYSE:SPH) Director Lawrence C. Caldwell acquired 4,400 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was purchased at an average cost of $28.43 per share, for a total transaction of $125,092.00. Following the completion of the transaction, the director now owns 41,319 shares in the company, valued at approximately $1,174,699.17. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Suburban Propane Partners LP (NYSE:SPH) traded up 3.92% on Monday, hitting $30.99. 131,643 shares of the company were exchanged. Suburban Propane Partners LP has a 52-week low of $20.93 and a 52-week high of $37.10. The firm has a 50 day moving average of $31.51 and a 200-day moving average of $32.87. The stock has a market cap of $1.88 billion, a PE ratio of 269.48 and a beta of 0.69.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Tuesday, November 1st were issued a $0.887 dividend. The ex-dividend date was Friday, October 28th. This represents a $3.55 annualized dividend and a yield of 11.64%.

A number of equities research analysts have commented on SPH shares. Zacks Investment Research downgraded shares of Suburban Propane Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Stifel Nicolaus raised shares of Suburban Propane Partners from a “hold” rating to a “buy” rating and increased their price objective for the company from $34.00 to $36.00 in a research report on Thursday, October 13th. Finally, Credit Suisse Group AG set a $30.00 target price on shares of Suburban Propane Partners and gave the company 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 given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $33.20.

Hedge funds have recently bought and sold shares of the stock. Financial Architects Inc boosted its stake in Suburban Propane Partners by 7.9% in the second quarter. Financial Architects Inc now owns 3,395 shares of the company’s stock valued at $113,000 after buying an additional 250 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in Suburban Propane Partners by 0.4% in the third quarter. Mosaic Family Wealth LLC now owns 4,224 shares of the company’s stock valued at $141,000 after buying an additional 18 shares in the last quarter. Bank of Montreal Can boosted its stake in Suburban Propane Partners by 101.2% in the third quarter. Bank of Montreal Can now owns 4,300 shares of the company’s stock valued at $143,000 after buying an additional 2,163 shares in the last quarter. Bruderman Asset Management LLC boosted its stake in Suburban Propane Partners by 31.9% in the third quarter. Bruderman Asset Management LLC now owns 4,481 shares of the company’s stock valued at $149,000 after buying an additional 1,085 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Suburban Propane Partners by 24.3% in the third quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the company’s stock valued at $162,000 after buying an additional 950 shares in the last quarter.

About Suburban Propane Partners

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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