Suburban Propane Partners Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Suburban Propane Partners in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Suburban Propane Partners stock.
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Suburban Propane Partners saw a increase in short interest during the month of July. As of July 30th, there was short interest totaling 1,200,000 shares, an increase of 25.8% from the July 15th total of 953,800 shares. Based on an average daily volume of 331,700 shares, the days-to-cover ratio is presently 3.6 days. Currently, 2.0% of the company's stock are short sold.
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Suburban Propane Partners is scheduled to release its next quarterly earnings announcement on Thursday, November 11th 2021.
View our earnings forecast for Suburban Propane Partners.

Suburban Propane Partners, L.P. (NYSE:SPH) released its quarterly earnings data on Thursday, August, 5th. The energy company reported ($0.41) earnings per share for the quarter, hitting the Zacks' consensus estimate of ($0.41). The energy company earned $238.09 million during the quarter, compared to analyst estimates of $232.45 million. Suburban Propane Partners had a trailing twelve-month return on equity of 23.13% and a net margin of 7.86%.
View Suburban Propane Partners' earnings history.

Suburban Propane Partners' stock was trading at $17.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SPH stock has decreased by 10.9% and is now trading at $15.28.
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Suburban Propane Partners declared a quarterly dividend on Friday, July 23rd. Shareholders of record on Tuesday, August 3rd will be given a dividend of $0.325 per share on Tuesday, August 10th. This represents a $1.30 annualized dividend and a yield of 8.51%. The ex-dividend date of this dividend is Monday, August 2nd. This is a boost from Suburban Propane Partners's previous quarterly dividend of $0.30.
View Suburban Propane Partners' dividend history.

Suburban Propane Partners pays an annual dividend of $1.30 per share and currently has a dividend yield of 8.55%. SPH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Suburban Propane Partners is 134.02%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Suburban Propane Partners will have a dividend payout ratio of 72.63% next year. This indicates that Suburban Propane Partners will be able to sustain or increase its dividend.
View Suburban Propane Partners' dividend history.

3 Wall Street analysts have issued twelve-month target prices for Suburban Propane Partners' shares. Their forecasts range from $16.00 to $18.00. On average, they expect Suburban Propane Partners' share price to reach $17.33 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
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30 employees have rated Suburban Propane Partners CEO Michael A. Stivala on Glassdoor.com. Michael A. Stivala has an approval rating of 36% among Suburban Propane Partners' employees. This puts Michael A. Stivala in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Suburban Propane Partners include FirstCash (FCFS), Ferrellgas Partners (FGPR), The RealReal (REAL), PLBY Group (PLBY), Party City Holdco (PRTY), Winmark (WINA), EZCORP (EZPW), Mudrick Capital Acquisition Co. II (MUDS), Ferrellgas Partners (FGPRQ), Live Ventures (LIVE), NuZee (NUZE), Integrated Ventures (INTV), Aiadvertising (AIAD), CloudCommerce (CLWD) and Global Acquisitions (AASP).
View all of SPH's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Suburban Propane Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), Omega Healthcare Investors (OHI), Annaly Capital Management (NLY), Verizon Communications (VZ), Pfizer (PFE), CVS Health (CVS), Ford Motor (F) and AGNC Investment (AGNC).

Suburban Propane Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPH."

Suburban Propane Partners' stock is owned by many different institutional and retail investors. Top institutional investors include Invesco Ltd. (7.58%), Morgan Stanley (3.30%), Morgan Stanley (3.30%), Clearbridge Investments LLC (0.89%), Hotchkis & Wiley Capital Management LLC (0.77%) and First Trust Advisors LP (0.73%). Company insiders that own Suburban Propane Partners stock include Harold R Logan Jr and Michael A Schueler.
View institutional ownership trends for Suburban Propane Partners.

SPH stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Goldman Sachs Group Inc., Credit Suisse AG, Creative Planning, Clearbridge Investments LLC, Steward Partners Investment Advisory LLC, Stifel Financial Corp, and Arrow Investment Advisors LLC.
View insider buying and selling activity for Suburban Propane Partners or view top insider-selling stocks.

SPH stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, CIBC Private Wealth Group LLC, Morgan Stanley, Morgan Stanley, Marshall Wace North America L.P., Susquehanna International Group LLP, Bank of Montreal Can, and Levin Capital Strategies L.P..
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Shares of SPH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SPH stock can currently be purchased for approximately $15.28.

Suburban Propane Partners has a market capitalization of $955.58 million and generates $1.11 billion in revenue each year. The energy company earns $60.76 million in net income (profit) each year or $0.97 on an earnings per share basis.

Suburban Propane Partners employs 3,169 workers across the globe.

The official website for Suburban Propane Partners is www.suburbanpropane.com.

Suburban Propane Partners is headquartered at 240 ROUTE 10 WEST, WHIPPANY NJ, 07981.

Suburban Propane Partners' mailing address is 240 ROUTE 10 WEST, WHIPPANY NJ, 07981. The energy company can be reached via phone at (973) 887-5300.