Sysco (NYSE:SYY) Stock Rating Upgraded by Wall Street Zen

Sysco (NYSE:SYY) was upgraded by investment analysts at 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 reports. Piper Sandler raised their price objective on Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Citigroup upped their target price on Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Melius Research lowered Sysco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. Finally, Morgan Stanley lifted their price objective on Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.50.

Sysco Price Performance

Shares of SYY stock opened at $81.95 on Friday. The company has a market capitalization of $39.26 billion, a P/E ratio of 22.39, a P/E/G ratio of 2.80 and a beta of 0.64. The company’s 50-day simple moving average is $83.05 and its two-hundred day simple moving average is $80.54. Sysco has a one year low of $68.19 and a one year high of $91.85. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. The firm had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, equities analysts anticipate that Sysco will post 5.12 EPS for the current year.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 506 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $84.09, for a total transaction of $42,549.54. Following the completion of the sale, the executive vice president owned 36,313 shares in the company, valued at $3,053,560.17. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 14,508 shares of company stock worth $1,215,250 in the last ninety days. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SYY. Lloyd Advisory Services LLC. bought a new stake in Sysco during the fourth quarter valued at about $25,000. Motiv8 Investments LLC bought a new position in Sysco in the fourth quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Sysco during the second quarter valued at about $29,000. Sunbelt Securities Inc. lifted its position in shares of Sysco by 87.6% during the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after buying an additional 170 shares during the last quarter. Finally, Bard Associates Inc. bought a new stake in shares of Sysco in the 4th quarter valued at about $27,000. 83.41% of the stock is owned by institutional investors.

Sysco Company Profile

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.