{ "run": { "id": "cmnr158ga06e6p6582t3q2riq", "region": "US", "assetId": "cmnr158fq06dvp658q6xhcfwd", "ticker": "SYY", "snapshotId": "cmnr158g406dzp658beowwo72", "promptTemplateId": "cmnqt07si0005lm3jzpxuu1ux", "createdAt": "2026-04-09T05:21:54.440Z", "promptTemplate": { "id": "cmnqt07si0005lm3jzpxuu1ux", "name": "Oficial 08.apr.2026", "version": 1 }, "snapshot": { "id": "cmnr158g406dzp658beowwo72", "assetId": "cmnr158fq06dvp658q6xhcfwd", "asOf": "2026-04-08T20:00:00.000Z", "snapshot": { "asOf": "2026-04-08T20:00:00.000Z", "quote": { "asOf": "2026-04-08T20:00:00.000Z", "open": 73.82, "price": 75.15, "dayLow": 73.82, "volume": 5962335, "dayHigh": 75.33, "currency": "USD", "prevClose": 73.24, "week52Low": 67.12, "week52High": 91.845 }, "fundamentals": { "pe": 20.0561497326203, "beta": 0.69319095618382, "epsTTM": 3.74, "fcfTTM": 978000000, "growth": { "epsYoy": -0.04102564102564095, "revenueYoy": -0.7448445372987588 }, "sector": "Wholesale-Groceries & Related Products", "margins": { "net": 0.01873615258645603, "gross": 0.1826413640304402, "operating": 0.03333012233888835 }, "website": "http://sysco.com", "industry": "Wholesale", "pegRatio": -4.88868649732621, "ebitdaTTM": 4086000000, "forwardPe": 16.3065217391304, "marketCap": 37355747561, "totalCash": 1222000000, "totalDebt": 13590000000, "debtEquity": 7.27267759562841, "quickRatio": 0.2965049556598852, "revenueTTM": 20762000000, "companyName": "SYSCO CORP", "priceToBook": 19.7176663534356, "currentRatio": 1.295461658841941, "dividendYield": 0.0275291698181027, "returnOnAssets": 0.01431146756925794, "returnOnEquity": 0.998907103825137, "analystOpinions": null, "businessSummary": "Sysco is an American multinational corporation that sells, markets, and distributes food products to restaurants, healthcare and educational facilities, sports stadiums, and other venues that serve food. It also sells foodservice supplies and equipment. The company is headquartered in the Energy Corridor district of Houston, Texas.", "enterpriseValue": 48853706418.33, "analystTargetLow": null, "analystTargetHigh": null, "analystTargetMean": null, "fullTimeEmployees": 75000, "sharesOutstanding": 478930649, "enterpriseToEbitda": 11.9563647621953, "analystTargetMedian": null, "enterpriseToRevenue": 2.353034698888835, "operatingCashflowTTM": 611000000, "analystRecommendationKey": null } }, "createdAt": "2026-04-09T05:21:54.436Z" }, "results": [ { "id": "cmnr158gd06e8p65815376yep", "runId": "cmnr158ga06e6p6582t3q2riq", "modelId": "anthropic", "status": "SUCCESS", "rawOutput": "{\"model\":\"ai-equity-research-v1\",\"as_of\":\"2026-04-08T20:00:00.000Z\",\"ticker\":\"SYY\",\"currency\":\"USD\",\"current_price\":75.15,\"target_price_6m\":77.0,\"target_price_12m\":79.0,\"recommendation\":\"HOLD\",\"confidence\":0.55,\"thesis_bullets\":[\"Dominant US foodservice distributor with scale advantages and broad customer base\",\"High leverage (D/E 7.3x) constrains financial flexibility and amplifies downside risk\",\"Revenue and EPS both declining YoY, reflecting soft end-market demand\",\"Forward P/E of 16.3x implies market expects meaningful earnings recovery ahead\",\"Dividend yield of 2.75% provides modest income support while awaiting margin recovery\"],\"key_drivers\":[{\"driver\":\"Foodservice demand recovery trajectory post-macro softness\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"Operating margin expansion from cost restructuring initiatives\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"Elevated debt load ($13.6B) with rising refinancing risk\",\"impact\":\"HIGH\",\"direction\":\"NEG\"},{\"driver\":\"EPS declining 4.1% YoY signals near-term earnings pressure\",\"impact\":\"MED\",\"direction\":\"NEG\"},{\"driver\":\"Scale advantage in fragmented wholesale distribution market\",\"impact\":\"MED\",\"direction\":\"POS\"},{\"driver\":\"Working capital and cash flow management (OCF < FCF anomaly)\",\"impact\":\"MED\",\"direction\":\"NEG\"},{\"driver\":\"Potential for bolt-on M&A to drive revenue growth\",\"impact\":\"LOW\",\"direction\":\"POS\"},{\"driver\":\"Input cost inflation pass-through ability\",\"impact\":\"MED\",\"direction\":\"POS\"}],\"risks\":[\"Prolonged macro weakness reducing restaurant/institutional food spending\",\"Debt refinancing at higher rates compressing equity returns\",\"Competitive pressure from US Foods, Performance Food Group, and regional players\",\"Quick ratio of 0.30 signals tight near-term liquidity\",\"Margin compression if inflation accelerates faster than pricing power\"],\"assumptions\":{\"revenue_cagr_3y\":0.02,\"ebit_margin_target\":0.045,\"wacc\":0.085,\"terminal_multiple\":12.0},\"scenarios\":{\"bear\":{\"target_price\":65.0,\"prob\":0.2,\"notes\":\"Recession pressures foodservice volumes; debt burden weighs on equity value.\"},\"base\":{\"target_price\":79.0,\"prob\":0.55,\"notes\":\"Gradual margin recovery with stable demand; EPS grows toward $4.60 forward.\"},\"bull\":{\"target_price\":92.0,\"prob\":0.25,\"notes\":\"Strong margin expansion, accelerating deleveraging, and multiple re-rating toward 18x forward P/E.\"}},\"method_notes\":\"Blended valuation: forward P/E (16-18x on ~$4.60 FY fwd EPS) and EV/EBITDA (11-12x on ~$4.1B EBITDA). 12M base target of $79 implies ~5.1% upside, consistent with HOLD given high leverage, declining EPS trend, and mixed demand signals. OCF/FCF discrepancy flagged for audit. Probability-weighted scenario value ~$80. Not investment advice.\"}", "parsedJson": { "as_of": "2026-04-08T20:00:00.000Z", "model": "ai-equity-research-v1", "risks": [ "Prolonged macro weakness reducing restaurant/institutional food spending", "Debt refinancing at higher rates compressing equity returns", "Competitive pressure from US Foods, Performance Food Group, and regional players", "Quick ratio of 0.30 signals tight near-term liquidity", "Margin compression if inflation accelerates faster than pricing power" ], "ticker": "SYY", "currency": "USD", "scenarios": { "base": { "prob": 0.55, "notes": "Gradual margin recovery with stable demand; EPS grows toward $4.60 forward.", "target_price": 79 }, "bear": { "prob": 0.2, "notes": "Recession pressures foodservice volumes; debt burden weighs on equity value.", "target_price": 65 }, "bull": { "prob": 0.25, "notes": "Strong margin expansion, accelerating deleveraging, and multiple re-rating toward 18x forward P/E.", "target_price": 92 } }, "confidence": 0.55, "assumptions": { "wacc": 0.085, "revenue_cagr_3y": 0.02, "terminal_multiple": 12, "ebit_margin_target": 0.045 }, "key_drivers": [ { "driver": "Foodservice demand recovery trajectory post-macro softness", "impact": "HIGH", "direction": "POS" }, { "driver": "Operating margin expansion from cost restructuring initiatives", "impact": "HIGH", "direction": "POS" }, { "driver": "Elevated debt load ($13.6B) with rising refinancing risk", "impact": "HIGH", "direction": "NEG" }, { "driver": "EPS declining 4.1% YoY signals near-term earnings pressure", "impact": "MED", "direction": "NEG" }, { "driver": "Scale advantage in fragmented wholesale distribution market", "impact": "MED", "direction": "POS" }, { "driver": "Working capital and cash flow management (OCF < FCF anomaly)", "impact": "MED", "direction": "NEG" }, { "driver": "Potential for bolt-on M&A to drive revenue growth", "impact": "LOW", "direction": "POS" }, { "driver": "Input cost inflation pass-through ability", "impact": "MED", "direction": "POS" } ], "method_notes": "Blended valuation: forward P/E (16-18x on ~$4.60 FY fwd EPS) and EV/EBITDA (11-12x on ~$4.1B EBITDA). 12M base target of $79 implies ~5.1% upside, consistent with HOLD given high leverage, declining EPS trend, and mixed demand signals. OCF/FCF discrepancy flagged for audit. Probability-weighted scenario value ~$80. Not investment advice.", "current_price": 75.15, "recommendation": "HOLD", "thesis_bullets": [ "Dominant US foodservice distributor with scale advantages and broad customer base", "High leverage (D/E 7.3x) constrains financial flexibility and amplifies downside risk", "Revenue and EPS both declining YoY, reflecting soft end-market demand", "Forward P/E of 16.3x implies market expects meaningful earnings recovery ahead", "Dividend yield of 2.75% provides modest income support while awaiting margin recovery" ], "target_price_6m": 77, "target_price_12m": 79 }, "errorsJson": { "attempts": [], "providerMeta": { "provider": "anthropic", "webSearch": { "enabled": false, "maxToolCalls": 2, "disabledReason": null }, "pauseTurns": 0, "stopReason": "end_turn" }, "sanityIssues": [] }, "latencyMs": 41257, "createdAt": "2026-04-09T05:21:54.440Z", "usage": { "inputTokens": 3588, "outputTokens": 2074, "costUsd": 0.06979 } }, { "id": "cmnr158gd06ebp658wfvzw8ed", "runId": "cmnr158ga06e6p6582t3q2riq", "modelId": "deepseek.reasoner", "status": "SUCCESS", "rawOutput": "{\n \"model\": \"AI_Equity_Research_Model\",\n \"as_of\": \"2026-04-08T20:00:00.000Z\",\n \"ticker\": \"SYY\",\n \"currency\": \"USD\",\n \"current_price\": 75.15,\n \"target_price_6m\": 72.0,\n \"target_price_12m\": 70.0,\n \"recommendation\": \"SELL\",\n \"confidence\": 0.6,\n \"thesis_bullets\": [\"Revenue decline poses significant growth challenges.\", \"High debt levels increase financial risk.\", \"Low margins limit profitability improvement potential.\", \"Stable dividend yield provides some income support.\", \"Market positioning remains strong in food distribution.\"],\n \"key_drivers\": [\n {\"driver\": \"Revenue Growth\", \"impact\": \"HIGH\", \"direction\": \"NEG\"},\n {\"driver\": \"Debt Reduction\", \"impact\": \"MED\", \"direction\": \"POS\"},\n {\"driver\": \"Margin Expansion\", \"impact\": \"MED\", \"direction\": \"POS\"},\n {\"driver\": \"Economic Conditions\", \"impact\": \"HIGH\", \"direction\": \"NEG\"},\n {\"driver\": \"Competitive Pressure\", \"impact\": \"MED\", \"direction\": \"NEG\"},\n {\"driver\": \"Cost Control\", \"impact\": \"LOW\", \"direction\": \"POS\"},\n {\"driver\": \"Market Share\", \"impact\": \"HIGH\", \"direction\": \"POS\"}\n ],\n \"risks\": [\"Further revenue decline due to economic slowdown.\", \"Interest rate increases raising debt servicing costs.\", \"Intense competition squeezing margins.\", \"Supply chain disruptions affecting operations.\"],\n \"assumptions\": {\n \"revenue_cagr_3y\": 0.005,\n \"ebit_margin_target\": 0.033,\n \"wacc\": 0.075,\n \"terminal_multiple\": 11\n },\n \"scenarios\": {\n \"bear\": {\"target_price\": 65, \"prob\": 0.3, \"notes\": \"Revenue continues to decline sharply.\"},\n \"base\": {\"target_price\": 70, \"prob\": 0.5, \"notes\": \"Stabilization with modest improvement.\"},\n \"bull\": {\"target_price\": 80, \"prob\": 0.2, \"notes\": \"Strong recovery and margin expansion.\"}\n },\n \"method_notes\": \"DCF valuation with conservative assumptions; SELL due to negative growth and high relative valuation. Not investment advice.\"\n}", "parsedJson": { "as_of": "2026-04-08T20:00:00.000Z", "model": "AI_Equity_Research_Model", "risks": [ "Further revenue decline due to economic slowdown.", "Interest rate increases raising debt servicing costs.", "Intense competition squeezing margins.", "Supply chain disruptions affecting operations." ], "ticker": "SYY", "currency": "USD", "scenarios": { "base": { "prob": 0.5, "notes": "Stabilization with modest improvement.", "target_price": 70 }, "bear": { "prob": 0.3, "notes": "Revenue continues to decline sharply.", "target_price": 65 }, "bull": { "prob": 0.2, "notes": "Strong recovery and margin expansion.", "target_price": 80 } }, "confidence": 0.6, "assumptions": { "wacc": 0.075, "revenue_cagr_3y": 0.005, "terminal_multiple": 11, "ebit_margin_target": 0.033 }, "key_drivers": [ { "driver": "Revenue Growth", "impact": "HIGH", "direction": "NEG" }, { "driver": "Debt Reduction", "impact": "MED", "direction": "POS" }, { "driver": "Margin Expansion", "impact": "MED", "direction": "POS" }, { "driver": "Economic Conditions", "impact": "HIGH", "direction": "NEG" }, { "driver": "Competitive Pressure", "impact": "MED", "direction": "NEG" }, { "driver": "Cost Control", "impact": "LOW", "direction": "POS" }, { "driver": "Market Share", "impact": "HIGH", "direction": "POS" } ], "method_notes": "DCF valuation with conservative assumptions; SELL due to negative growth and high relative valuation. Not investment advice.", "current_price": 75.15, "recommendation": "SELL", "thesis_bullets": [ "Revenue decline poses significant growth challenges.", "High debt levels increase financial risk.", "Low margins limit profitability improvement potential.", "Stable dividend yield provides some income support.", "Market positioning remains strong in food distribution." ], "target_price_6m": 72, "target_price_12m": 70 }, "errorsJson": { "attempts": [], "providerMeta": { "endpoint": "https://api.deepseek.com/v1/chat/completions", "provider": "deepseek", "webSearch": { "enabled": false, "supported": false }, "responseFormat": "json_object" }, "sanityIssues": [] }, "latencyMs": 366, "createdAt": "2026-04-09T05:21:54.440Z", "usage": { "inputTokens": 2107, "outputTokens": 4413, "costUsd": 0.002443 } }, { "id": "cmnr158gd06e9p658ejkaor44", "runId": "cmnr158ga06e6p6582t3q2riq", "modelId": "gemini.3-pro", "status": "SUCCESS", "rawOutput": "{\n \"model\": \"Equity-Analyzer-Pro\",\n \"as_of\": \"2026-04-08T20:00:00.000Z\",\n \"ticker\": \"SYY\",\n \"currency\": \"USD\",\n \"current_price\": 75.15,\n \"target_price_6m\": 76.00,\n \"target_price_12m\": 77.00,\n \"recommendation\": \"HOLD\",\n \"confidence\": 0.6,\n \"thesis_bullets\": [\n \"Sysco maintains dominant market share in foodservice distribution despite recent revenue volatility.\",\n \"High debt load restricts aggressive capital return and M&A flexibility in the near term.\",\n \"Forward P/E of 16.3x suggests market expects earnings stabilization and margin defense.\",\n \"Dividend yield of 2.75% provides downside support for income-focused investors.\",\n \"Valuation appears fair at current levels, balancing recovery potential against macroeconomic headwinds.\"\n ],\n \"key_drivers\": [\n {\n \"driver\": \"Food away from home demand\",\n \"impact\": \"MED\",\n \"direction\": \"POS\"\n },\n {\n \"driver\": \"Input cost inflation\",\n \"impact\": \"HIGH\",\n \"direction\": \"NEG\"\n },\n {\n \"driver\": \"Supply chain efficiency initiatives\",\n \"impact\": \"HIGH\",\n \"direction\": \"POS\"\n },\n {\n \"driver\": \"Debt servicing costs\",\n \"impact\": \"MED\",\n \"direction\": \"NEG\"\n },\n {\n \"driver\": \"Local restaurant foot traffic\",\n \"impact\": \"HIGH\",\n \"direction\": \"POS\"\n },\n {\n \"driver\": \"Fuel and transportation costs\",\n \"impact\": \"MED\",\n \"direction\": \"NEG\"\n }\n ],\n \"risks\": [\n \"Prolonged macroeconomic downturn reducing restaurant spending and case volumes.\",\n \"Inability to pass on food inflation to independent restaurant operators.\",\n \"High leverage amplifying the impact of sustained high interest rates.\",\n \"Increased competition from regional distributors and cash-and-carry models.\"\n ],\n \"assumptions\": {\n \"revenue_cagr_3y\": 0.03,\n \"ebit_margin_target\": 0.04,\n \"wacc\": 0.085,\n \"terminal_multiple\": 11.0\n },\n \"scenarios\": {\n \"bear\": {\n \"target_price\": 62.00,\n \"prob\": 0.25,\n \"notes\": \"Recessionary pressures compress margins and volume, leading to multiple contraction.\"\n },\n \"base\": {\n \"target_price\": 77.00,\n \"prob\": 0.55,\n \"notes\": \"Steady volume recovery and cost control maintain current valuation multiples.\"\n },\n \"bull\": {\n \"target_price\": 92.00,\n \"prob\": 0.2,\n \"notes\": \"Strong restaurant traffic and successful margin expansion drive earnings beats.\"\n }\n },\n \"method_notes\": \"Valuation based on 11x EV/EBITDA and 16.5x forward P/E. Snapshot shows anomalous -74% YoY revenue, likely a data artifact, but high debt (D/E 7.2x) warrants a HOLD rating as upside is limited to ~2.5%. Not investment advice.\"\n}", "parsedJson": { "as_of": "2026-04-08T20:00:00.000Z", "model": "Equity-Analyzer-Pro", "risks": [ "Prolonged macroeconomic downturn reducing restaurant spending and case volumes.", "Inability to pass on food inflation to independent restaurant operators.", "High leverage amplifying the impact of sustained high interest rates.", "Increased competition from regional distributors and cash-and-carry models." ], "ticker": "SYY", "currency": "USD", "scenarios": { "base": { "prob": 0.55, "notes": "Steady volume recovery and cost control maintain current valuation multiples.", "target_price": 77 }, "bear": { "prob": 0.25, "notes": "Recessionary pressures compress margins and volume, leading to multiple contraction.", "target_price": 62 }, "bull": { "prob": 0.2, "notes": "Strong restaurant traffic and successful margin expansion drive earnings beats.", "target_price": 92 } }, "confidence": 0.6, "assumptions": { "wacc": 0.085, "revenue_cagr_3y": 0.03, "terminal_multiple": 11, "ebit_margin_target": 0.04 }, "key_drivers": [ { "driver": "Food away from home demand", "impact": "MED", "direction": "POS" }, { "driver": "Input cost inflation", "impact": "HIGH", "direction": "NEG" }, { "driver": "Supply chain efficiency initiatives", "impact": "HIGH", "direction": "POS" }, { "driver": "Debt servicing costs", "impact": "MED", "direction": "NEG" }, { "driver": "Local restaurant foot traffic", "impact": "HIGH", "direction": "POS" }, { "driver": "Fuel and transportation costs", "impact": "MED", "direction": "NEG" } ], "method_notes": "Valuation based on 11x EV/EBITDA and 16.5x forward P/E. Snapshot shows anomalous -74% YoY revenue, likely a data artifact, but high debt (D/E 7.2x) warrants a HOLD rating as upside is limited to ~2.5%. Not investment advice.", "current_price": 75.15, "recommendation": "HOLD", "thesis_bullets": [ "Sysco maintains dominant market share in foodservice distribution despite recent revenue volatility.", "High debt load restricts aggressive capital return and M&A flexibility in the near term.", "Forward P/E of 16.3x suggests market expects earnings stabilization and margin defense.", "Dividend yield of 2.75% provides downside support for income-focused investors.", "Valuation appears fair at current levels, balancing recovery potential against macroeconomic headwinds." ], "target_price_6m": 76, "target_price_12m": 77 }, "errorsJson": { "attempts": [], "providerMeta": { "model": "gemini-3-pro-preview", "provider": "gemini", "webSearch": { "used": false, "allowed": false, "enabled": false, "requested": false, "disabledReason": null } }, "sanityIssues": [] }, "latencyMs": 25792, "createdAt": "2026-04-09T05:21:54.440Z", "usage": { "inputTokens": 2459, "outputTokens": 833, "costUsd": 0.014914 } }, { "id": "cmnr158gd06e7p658q12gqjyj", "runId": "cmnr158ga06e6p6582t3q2riq", "modelId": "openai.gpt-5.4", "status": "SUCCESS", "rawOutput": "{\"model\":\"AI Model Recommendation v2\",\"as_of\":\"2026-04-08T20:00:00.000Z\",\"ticker\":\"SYY\",\"currency\":\"USD\",\"current_price\":75.15,\"target_price_6m\":77,\"target_price_12m\":78.5,\"recommendation\":\"HOLD\",\"confidence\":0.61,\"thesis_bullets\":[\"Defensible foodservice demand supports steady volumes and cash generation.\",\"Margin recovery from productivity and mix can offset modest volume pressure.\",\"Dividend yield adds return support in a low-beta defensive name.\",\"Leverage and thin margins limit upside versus higher-growth staples peers.\",\"Snapshot fundamentals show anomalies, reducing conviction and favoring a neutral stance.\"],\"key_drivers\":[{\"driver\":\"Restaurant traffic and case volumes\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"Gross margin from pricing mix\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"Productivity and SG&A leverage\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"Private-label penetration\",\"impact\":\"MED\",\"direction\":\"POS\"},{\"driver\":\"Healthcare and education demand\",\"impact\":\"MED\",\"direction\":\"POS\"},{\"driver\":\"High debt and interest expense\",\"impact\":\"HIGH\",\"direction\":\"NEG\"},{\"driver\":\"Competitive pricing pressure\",\"impact\":\"MED\",\"direction\":\"NEG\"},{\"driver\":\"Fuel and labor cost inflation\",\"impact\":\"MED\",\"direction\":\"NEG\"}],\"risks\":[\"Weak restaurant traffic\",\"Cost inflation outruns pricing\",\"Competitive share loss\",\"Leverage limits flexibility\",\"Execution risk on savings plans\"],\"assumptions\":{\"revenue_cagr_3y\":5,\"ebit_margin_target\":3.7,\"wacc\":7.8,\"terminal_multiple\":13},\"scenarios\":{\"bear\":{\"target_price\":62,\"prob\":0.25,\"notes\":\"Traffic softens and margin gains fail to offset inflation and financing costs.\"},\"base\":{\"target_price\":78.5,\"prob\":0.5,\"notes\":\"Stable demand, modest margin recovery, and dividend support drive low-single-digit upside.\"},\"bull\":{\"target_price\":88,\"prob\":0.25,\"notes\":\"Volumes improve, productivity exceeds plan, and deleveraging supports a higher multiple.\"}},\"method_notes\":\"Base-case uses a blend of forward earnings and EV/EBITDA anchored to snapshot fundamentals. Valuation appears near fair; modest upside is offset by leverage and thin margins, supporting HOLD. Snapshot quote fields were kept authoritative; revenue/growth figures appear anomalous and lower confidence. No sell-side targets used; not investment advice.\"}", "parsedJson": { "as_of": "2026-04-08T20:00:00.000Z", "model": "AI Model Recommendation v2", "risks": [ "Weak restaurant traffic", "Cost inflation outruns pricing", "Competitive share loss", "Leverage limits flexibility", "Execution risk on savings plans" ], "ticker": "SYY", "currency": "USD", "scenarios": { "base": { "prob": 0.5, "notes": "Stable demand, modest margin recovery, and dividend support drive low-single-digit upside.", "target_price": 78.5 }, "bear": { "prob": 0.25, "notes": "Traffic softens and margin gains fail to offset inflation and financing costs.", "target_price": 62 }, "bull": { "prob": 0.25, "notes": "Volumes improve, productivity exceeds plan, and deleveraging supports a higher multiple.", "target_price": 88 } }, "confidence": 0.61, "assumptions": { "wacc": 7.8, "revenue_cagr_3y": 5, "terminal_multiple": 13, "ebit_margin_target": 3.7 }, "key_drivers": [ { "driver": "Restaurant traffic and case volumes", "impact": "HIGH", "direction": "POS" }, { "driver": "Gross margin from pricing mix", "impact": "HIGH", "direction": "POS" }, { "driver": "Productivity and SG&A leverage", "impact": "HIGH", "direction": "POS" }, { "driver": "Private-label penetration", "impact": "MED", "direction": "POS" }, { "driver": "Healthcare and education demand", "impact": "MED", "direction": "POS" }, { "driver": "High debt and interest expense", "impact": "HIGH", "direction": "NEG" }, { "driver": "Competitive pricing pressure", "impact": "MED", "direction": "NEG" }, { "driver": "Fuel and labor cost inflation", "impact": "MED", "direction": "NEG" } ], "method_notes": "Base-case uses a blend of forward earnings and EV/EBITDA anchored to snapshot fundamentals. Valuation appears near fair; modest upside is offset by leverage and thin margins, supporting HOLD. Snapshot quote fields were kept authoritative; revenue/growth figures appear anomalous and lower confidence. No sell-side targets used; not investment advice.", "current_price": 75.15, "recommendation": "HOLD", "thesis_bullets": [ "Defensible foodservice demand supports steady volumes and cash generation.", "Margin recovery from productivity and mix can offset modest volume pressure.", "Dividend yield adds return support in a low-beta defensive name.", "Leverage and thin margins limit upside versus higher-growth staples peers.", "Snapshot fundamentals show anomalies, reducing conviction and favoring a neutral stance." ], "target_price_6m": 77, "target_price_12m": 78.5 }, "errorsJson": { "attempts": [], "providerMeta": { "provider": "openai", "webSearch": { "used": false, "enabled": false, "sources": [], "maxToolCalls": 2 }, "responseId": "resp_0b003798ed69ba0e0069d75da860308197b46c3ff4437777cb", "reasoningEffort": "medium", "structuredOutputs": { "used": true, "requested": true, "disabledReason": null } }, "sanityIssues": [] }, "latencyMs": 40224, "createdAt": "2026-04-09T05:21:54.440Z", "usage": { "inputTokens": 2371, "outputTokens": 2035, "costUsd": 0.032639 } }, { "id": "cmnr158gd06eap65832qw5uns", "runId": "cmnr158ga06e6p6582t3q2riq", "modelId": "xai.grok-4.20-reasoning", "status": "SUCCESS", "rawOutput": "{\n \"model\": \"Fundamental DCF Model\",\n \"as_of\": \"2026-04-08T20:00:00.000Z\",\n \"ticker\": \"SYY\",\n \"currency\": \"USD\",\n \"current_price\": 75.15,\n \"target_price_6m\": 76.0,\n \"target_price_12m\": 77.0,\n \"recommendation\": \"HOLD\",\n \"confidence\": 0.58,\n \"thesis_bullets\": [\n \"Stable foodservice leader with diversified clients\",\n \"Sharp revenue decline signals demand weakness\",\n \"High debt burden limits flexibility and raises risk\",\n \"Attractive dividend yield supports income appeal\",\n \"Fair valuation if margins hold amid low growth\"\n ],\n \"key_drivers\": [\n {\n \"driver\": \"Restaurant traffic recovery\",\n \"impact\": \"HIGH\",\n \"direction\": \"POS\"\n },\n {\n \"driver\": \"Commodity cost volatility\",\n \"impact\": \"HIGH\",\n \"direction\": \"NEG\"\n },\n {\n \"driver\": \"Supply chain efficiencies\",\n \"impact\": \"MED\",\n \"direction\": \"POS\"\n },\n {\n \"driver\": \"Debt servicing costs\",\n \"impact\": \"HIGH\",\n \"direction\": \"NEG\"\n },\n {\n \"driver\": \"Market share expansion\",\n \"impact\": \"MED\",\n \"direction\": \"POS\"\n },\n {\n \"driver\": \"Labor inflation pressures\",\n \"impact\": \"MED\",\n \"direction\": \"NEG\"\n },\n {\n \"driver\": \"Economic downturn effects\",\n \"impact\": \"HIGH\",\n \"direction\": \"NEG\"\n },\n {\n \"driver\": \"Dividend continuity\",\n \"impact\": \"MED\",\n \"direction\": \"POS\"\n }\n ],\n \"risks\": [\n \"Prolonged revenue contraction\",\n \"Rising interest expense on debt\",\n \"Intense industry competition\",\n \"Supply chain cost spikes\",\n \"Weak macro demand environment\"\n ],\n \"assumptions\": {\n \"revenue_cagr_3y\": 2.5,\n \"ebit_margin_target\": 3.5,\n \"wacc\": 8.0,\n \"terminal_multiple\": 13.0\n },\n \"scenarios\": {\n \"bear\": {\n \"target_price\": 58.0,\n \"prob\": 0.35,\n \"notes\": \"Persistent volume weakness and margin erosion.\"\n },\n \"base\": {\n \"target_price\": 77.0,\n \"prob\": 0.45,\n \"notes\": \"Gradual recovery with stable operations.\"\n },\n \"bull\": {\n \"target_price\": 88.0,\n \"prob\": 0.2,\n \"notes\": \"Strong demand rebound and efficiency gains.\"\n }\n },\n \"method_notes\": \"DCF using 2.5% rev CAGR, 3.5% EBIT margin, 8% WACC, 13x terminal. Mixed growth, high leverage, near-fair value support HOLD. not investment advice\"\n}", "parsedJson": { "as_of": "2026-04-08T20:00:00.000Z", "model": "Fundamental DCF Model", "risks": [ "Prolonged revenue contraction", "Rising interest expense on debt", "Intense industry competition", "Supply chain cost spikes", "Weak macro demand environment" ], "ticker": "SYY", "currency": "USD", "scenarios": { "base": { "prob": 0.45, "notes": "Gradual recovery with stable operations.", "target_price": 77 }, "bear": { "prob": 0.35, "notes": "Persistent volume weakness and margin erosion.", "target_price": 58 }, "bull": { "prob": 0.2, "notes": "Strong demand rebound and efficiency gains.", "target_price": 88 } }, "confidence": 0.58, "assumptions": { "wacc": 8, "revenue_cagr_3y": 2.5, "terminal_multiple": 13, "ebit_margin_target": 3.5 }, "key_drivers": [ { "driver": "Restaurant traffic recovery", "impact": "HIGH", "direction": "POS" }, { "driver": "Commodity cost volatility", "impact": "HIGH", "direction": "NEG" }, { "driver": "Supply chain efficiencies", "impact": "MED", "direction": "POS" }, { "driver": "Debt servicing costs", "impact": "HIGH", "direction": "NEG" }, { "driver": "Market share expansion", "impact": "MED", "direction": "POS" }, { "driver": "Labor inflation pressures", "impact": "MED", "direction": "NEG" }, { "driver": "Economic downturn effects", "impact": "HIGH", "direction": "NEG" }, { "driver": "Dividend continuity", "impact": "MED", "direction": "POS" } ], "method_notes": "DCF using 2.5% rev CAGR, 3.5% EBIT margin, 8% WACC, 13x terminal. Mixed growth, high leverage, near-fair value support HOLD. not investment advice", "current_price": 75.15, "recommendation": "HOLD", "thesis_bullets": [ "Stable foodservice leader with diversified clients", "Sharp revenue decline signals demand weakness", "High debt burden limits flexibility and raises risk", "Attractive dividend yield supports income appeal", "Fair valuation if margins hold amid low growth" ], "target_price_6m": 76, "target_price_12m": 77 }, "errorsJson": { "attempts": [], "providerMeta": { "provider": "xai", "webSearch": { "used": false, "enabled": false, "sources": [], "maxToolCalls": 2 }, "responseId": "9abdf71e-1397-98dc-a577-c4e7dca6d574", "usedFallbackChatCompletions": false }, "sanityIssues": [] }, "latencyMs": 18111, "createdAt": "2026-04-09T05:21:54.440Z", "usage": { "inputTokens": 2713, "outputTokens": 3623, "costUsd": 0.062484 } } ] } }