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Suburban Propane Partners (NYSE:SPH) Insider Michael M. Keating sold 10,000 shares of the stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $44.29, for a total transaction of $442,900.00. Following the completion of the transaction, the insider now directly owns 35,185 shares of the company’s stock, valued at approximately $1,558,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Suburban Propane Partners (NYSE:SPH) traded down 0.27% on Wednesday, hitting $44.2001. The stock had a trading volume of 80,023 shares. Suburban Propane Partners has a one year low of $39.91 and a one year high of $48.90. The stock’s 50-day moving average is $44.68 and its 200-day moving average is $44.28. The company has a market cap of $2.666 billion and a price-to-earnings ratio of 31.30.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.98) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.57) by $0.41. The company had revenue of $297.10 million for the quarter, compared to the consensus estimate of $332.05 million. During the same quarter in the prior year, the company posted ($0.77) earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Suburban Propane Partners will post $1.95 earnings per share for the current fiscal year.

A number of research firms have recently commented on SPH. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Suburban Propane Partners in a research note on Tuesday, July 29th. They now have a $44.00 price target on the stock, up previously from $42.50. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Suburban Propane Partners in a research note on Monday, June 2nd. They now have a $49.00 price target on the stock, up previously from $47.00. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.20.

Suburban Propane Partners, L.P. (NYSE:SPH) is a nationwide marketer and distributor of a range of products meeting the energy needs of the customers.

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