UBS Group Has Lowered Expectations for Sysco (NYSE:SYY) Stock Price

Sysco (NYSE:SYY) had its price objective reduced by investment analysts at UBS Group from $95.00 to $90.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 26.35% from the company’s current price.

Other research analysts have also issued reports about the company. Citigroup cut their target price on Sysco from $88.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday. Guggenheim decreased their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Morgan Stanley reduced their price objective on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Finally, Wells Fargo & Company lifted their target price on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.31.

Sysco Stock Performance

SYY stock traded down $0.94 during trading on Thursday, reaching $71.23. 4,109,589 shares of the stock were exchanged, compared to its average volume of 4,435,208. Sysco has a twelve month low of $67.12 and a twelve month high of $91.85. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. The company has a market capitalization of $34.11 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 2.21 and a beta of 0.69. The stock has a 50 day simple moving average of $84.54 and a 200-day simple moving average of $79.42.

Sysco (NYSE:SYY) last posted 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 firm had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, sell-side analysts anticipate that Sysco will post 4.58 earnings per share for the current year.

Insider Buying and Selling at Sysco

In other news, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SYY. Jackson Grant Investment Advisers Inc. acquired a new stake in Sysco during the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sysco during the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in shares of Sysco in the fourth quarter valued at $25,000. Harbor Capital Advisors Inc. increased its stake in shares of 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 buying an additional 135 shares in the last quarter. Finally, Torren Management LLC bought a new position in shares of Sysco in the fourth quarter valued at about $27,000. Institutional investors 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.