Suburban Propane Partners LP (NYSE:SPH) shares dropped 0.9% during trading on Monday . The stock traded as low as $33.74 and last traded at $33.79, with a volume of 69,323 shares. The stock had previously closed at $34.11.

SPH has been the subject of several research reports. Zacks Investment Research lowered Suburban Propane Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Janney Montgomery Scott initiated coverage on Suburban Propane Partners in a research report on Wednesday, July 20th. They issued a “neutral” rating and a $30.00 target price for the company. Argus reiterated a “hold” rating on shares of Suburban Propane Partners in a research report on Monday, July 11th. Finally, Citigroup Inc. lowered Suburban Propane Partners from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $29.00 to $32.00 in a research report on Friday, May 20th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Suburban Propane Partners has an average rating of “Hold” and a consensus price target of $32.83.

The stock’s 50-day moving average price is $33.98 and its 200-day moving average price is $30.83. The company has a market capitalization of $2.05 billion and a price-to-earnings ratio of 293.30.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($0.63) by $0.14. During the same period in the prior year, the firm posted ($0.67) EPS. The business had revenue of $205.10 million for the quarter, compared to analyst estimates of $218.29 million. Suburban Propane Partners’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities research analysts forecast that Suburban Propane Partners LP will post $0.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 9th. Investors of record on Tuesday, August 2nd were given a dividend of $0.8875 per share. The ex-dividend date was Friday, July 29th. This represents a $3.55 annualized dividend and a dividend yield of 10.52%.

A hedge fund recently raised its stake in Suburban Propane Partners stock. Morgan Stanley raised its stake in Suburban Propane Partners LP (NYSE:SPH) by 37.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,135,340 shares of the company’s stock after buying an additional 310,878 shares during the period. Morgan Stanley owned about 1.87% of Suburban Propane Partners worth $27,601,000 at the end of the most recent quarter.

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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