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The latest update is out from Sysco ( (SYY) ).
On March 30, 2026, Sysco agreed to acquire JRD Unico, Inc. and Warehouse Realty, LLC, collectively known as Jetro Restaurant Depot, in a cash-and-stock deal valuing the cash-and-carry wholesaler at about $29.1 billion, or 14.6 times its 2025 operating income. The transaction will add Jetro’s 166 warehouse stores across 35 states, which generated roughly $16 billion in 2025 revenue and serve more than 725,000 independent restaurants and foodservice operators, expanding Sysco into the high-margin, growing cash-and-carry channel.
Sysco plans to run Jetro Restaurant Depot as a standalone business segment while leveraging its own supply chain and logistics to drive an estimated $250 million in annual cost synergies within three years and support the opening of more than 125 additional Jetro locations over the next two decades. The company projects the deal will immediately boost margins, earnings per share and free cash flow, lift pro forma annual revenue to nearly $100 billion, and enhance its reach among smaller independent foodservice customers, while reaffirming its full-year 2026 guidance and signaling confidence in ongoing local volume growth.
The most recent analyst rating on (SYY) stock is a Buy with a $92.00 price target. To see the full list of analyst forecasts on Sysco stock, see the SYY Stock Forecast page.
Spark’s Take on SYY Stock
According to Spark, TipRanks’ AI Analyst, SYY is a Neutral.
The score reflects stable operating performance and supportive guidance/free-cash-flow momentum, tempered primarily by elevated leverage and a thin equity cushion. Technicals are moderately positive, while valuation is fair-to-slightly expensive with some support from the dividend; the CFO change is a manageable but notable risk.
To see Spark’s full report on SYY stock, click here.
More about Sysco
Sysco, listed on the NYSE under ticker SYY, is a leading U.S. foodservice distributor supplying restaurants and other food-away-from-home operators with a broad range of fresh, frozen and ambient products. The company primarily serves higher-volume customers that rely on delivery and white-glove service, and is positioning itself as a multi-channel platform in the large, fragmented foodservice distribution market.
Average Trading Volume: 3,768,688
Technical Sentiment Signal: Strong Buy
Current Market Cap: $39.18B
For an in-depth examination of SYY stock, go to TipRanks’ Overview page.