Jim Cramer Explains Why Sysco Stock Is “Such a Steal After the Sell-Off” [Yahoo! Finance]
Sysco Corporation (SYY)
Last sysco corporation earnings: 2/3 08:00 am
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Source: Yahoo! Finance
Last week, Sysco Corporation, SYY kind, made a big move and Wall Street doesn't seem to like it. The food distribution kingpin announced that it's acquiring Jetro Restaurant Depot, for $29 billion in cash and stock. Sysco plunged from $81 to $69 on the news. And while it's rebounded to $73 today, it's still down. I think this is nuts, and I say that as someone with experience both as an innkeeper and a restaurateur. If you're a restaurant, you go to Sysco to keep yourself supplied long term. Jetro, meanwhile, is where you go when you're in a jam or if you own a small scale restaurant or an inn. It's got 166 locations across 35 states. You combine both these assets into one company and you've got the entire restaurant industry over a barrel. It's perfect. According to management, this deal should increase their revenue by 20% and their free cash flow by 55%. Sysco says it will result in mid to high single digit increases just in the first year and a low to mid-teens increase in year
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SYY
News
- Sysco (SYY) had its price target lowered by Piper Sandler from $83.00 to $77.00. They now have a "neutral" rating on the stock.MarketBeat
- Sysco to Announce Third Quarter Fiscal Year 2026 Financial Results on April 28GlobeNewswire
- Jim Cramer Says “For Sysco, the Jetro Acquisition's Superb” [Yahoo! Finance]Yahoo! Finance
- Sysco (SYY) had its price target lowered by UBS Group AG from $95.00 to $90.00. They now have a "buy" rating on the stock.MarketBeat
- Sysco (SYY) had its price target lowered by Guggenheim from $95.00 to $90.00. They now have a "buy" rating on the stock.MarketBeat
SYY
Earnings
- 1/27/26 - Beat
SYY
Sec Filings
- 4/7/26 - Form 425
- 4/2/26 - Form 8-K
- 4/2/26 - Form 4
- SYY's page on the SEC website