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

Sysco (NYSE:SYY) had its price target decreased by equities research analysts at Guggenheim from $95.00 to $90.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s target price would suggest a potential upside of 25.68% from the stock’s current price.

Several other brokerages also recently commented on SYY. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Barclays increased their target price on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Jefferies Financial Group lifted their price objective on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Citigroup decreased their price target on Sysco from $88.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and a consensus price target of $88.69.

Sysco Trading Down 0.8%

Shares of NYSE:SYY traded down $0.56 during mid-day trading on Thursday, hitting $71.61. The company had a trading volume of 668,069 shares, compared to its average volume of 4,379,283. The firm has a fifty day moving average price of $84.54 and a 200 day moving average price of $79.42. Sysco has a one year low of $67.12 and a one year high of $91.85. The company has a market capitalization of $34.30 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.21 and a beta of 0.69. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $20.76 billion for the quarter, compared to analysts’ expectations of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, research analysts forecast that Sysco will post 4.58 EPS for the current year.

Insider Activity at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. This represents a 13.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by company insiders.

Institutional Trading of Sysco

Hedge funds and other institutional investors have recently modified their holdings of the business. Jackson Grant Investment Advisers Inc. bought a new stake in Sysco in the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. bought a new position in Sysco in the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new position in shares of Sysco during the 4th quarter valued at approximately $25,000. Harbor Capital Advisors Inc. lifted its position 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 acquiring an additional 135 shares in the last quarter. Finally, Torren Management LLC purchased a new position in Sysco in the 4th quarter worth approximately $27,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

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.