This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEB6R0AQ_M.jpgHowever, the stock has gained 39.1% over the past year and 23.7% over the past nine months. And with restaurants and other foodservice venues gradually reopening, SYY is expected to generate solid sales growth in the coming quarters.
Given its growth prospects, the stock looks undervalued at its current price level. Its 0.95x and 0.78x respective forward EV/S and P/S are lower than the 2.16x and 1.61x industry averages. Furthermore, SYY announced in March that it has reduced its outstanding debt by $1.1 billion.