Wall Street Zen Upgrades Sysco (NYSE:SYY) to “Buy”

Sysco (NYSE:SYY) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

SYY has been the topic of several other research reports. Argus upgraded shares of Sysco to a “hold” rating in a report on Thursday, January 29th. Truist Financial lifted their price objective on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. UBS Group increased their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 target price on Sysco and gave the company a “market perform” rating in a report on Wednesday, January 28th. Finally, Piper Sandler upped their price target on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Sysco Stock Up 2.3%

Shares of SYY stock opened at $91.13 on Friday. The stock’s 50 day simple moving average is $81.03 and its 200 day simple moving average is $79.08. Sysco has a twelve month low of $67.12 and a twelve month high of $91.85. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. The company has a market capitalization of $43.64 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 2.83 and a beta of 0.58.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. During the same quarter last year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, research analysts predict that Sysco will post 4.58 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares of the company’s stock, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president owned 35,965 shares in the company, valued at $2,913,165. This represents a 13.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Sysco in the 3rd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. acquired a new stake in Sysco in the 4th quarter valued at $25,000. Motiv8 Investments LLC acquired a new stake in Sysco in the 4th quarter valued at $25,000. Harbor Capital Advisors Inc. grew its position in Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares during the period. Finally, Torren Management LLC acquired a new position in Sysco during the fourth quarter worth $27,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

About Sysco

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.