Suburban Propane Partners LP (NYSE: SPH) is 8.95% higher on its value in year-to-date trading and has touched a low of $15.20 and a high of $22.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SPH stock was last observed hovering at around $18.96 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $19.35, the stock is 4.70% and 5.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 2.06% at the moment leaves the stock 1.74% off its SMA200. SPH registered 14.09% gain for a year compared to 6-month loss of -2.07%. The firm has a 50-day simple moving average (SMA 50) of $18.3104 and a 200-day simple moving average (SMA200) of $19.01655.
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The stock witnessed a 3.14% gain in the last 1 month and extending the period to 3 months gives it a 9.51%, and is 8.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.24% over the week and 2.80% over the month.
Suburban Propane Partners LP (SPH) has around 3240 employees, a market worth around $1.24B and $1.33B in sales. Current P/E ratio is 16.96 and Fwd P/E is 6.60. Profit margin for the company is 5.59%. Distance from 52-week low is 27.30% and -13.35% from its 52-week high. The company has generated returns on investments over the last 12 months (3.87%).
The EPS is expected to grow by 36.23% this year
151.0 institutions hold shares in Suburban Propane Partners LP (SPH), with institutional investors hold 37.43% of the company’s shares. The shares outstanding are 63.52M, and float is at 60.71M with Short Float at 1.47%. Institutions hold 36.59% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 11.12 million shares valued at $211.19 million. The investor’s holdings represent 17.279 of the SPH Shares outstanding. As of 2024-06-30, the second largest holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with 3.17 million shares valued at $60.23 million to account for 4.9279 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 0.89 million shares representing 1.3848 and valued at over $16.93 million, while GOLDMAN SACHS GROUP INC holds 1.3088 of the shares totaling 0.84 million with a market value of $16.0 million.
Suburban Propane Partners LP (SPH) Insider Activity
Suburban Propane Partners LP disclosed in a document filed with the SEC on Nov 27 ’24 that DAMBROSIO A DAVIN (Vice President & Treasurer) sold a total of 6,500 shares of the company’s common stock. The trade occurred on Nov 27 ’24 and was made at $18.90 per share for $0.12 million. Following the transaction, the insider now directly holds 76176.0 shares of the SPH stock.
Still, SEC filings show that on Nov 26 ’24, Swift Jane (Director) disposed off 7,438 shares at an average price of $18.72 for $0.14 million. The insider now directly holds 36,809 shares of Suburban Propane Partners LP (SPH).
