Conagra Brands (NYSE:CAG) Stock Rating Raised to “Hold” at Zacks Research

Conagra Brands (NYSE:CAG) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Several other research firms also recently weighed in on CAG. Morgan Stanley cut their price target on Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Barclays cut their target price on Conagra Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday. UBS Group lifted their price target on Conagra Brands from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $14.00 price objective on shares of Conagra Brands in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Conagra Brands from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $14.07.

Conagra Brands Stock Performance

Shares of Conagra Brands stock opened at $13.38 on Thursday. Conagra Brands has a 12 month low of $12.53 and a 12 month high of $20.32. The firm has a market capitalization of $6.39 billion, a P/E ratio of -3.36 and a beta of 0.02. The company has a current ratio of 1.10, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. The business has a fifty day simple moving average of $15.18 and a two-hundred day simple moving average of $14.56.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.13. Conagra Brands had a negative net margin of 16.95% and a positive return on equity of 11.46%. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the business earned $0.39 EPS. Conagra Brands’s quarterly revenue was down 1.4% compared to the same quarter last year. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, equities analysts forecast that Conagra Brands will post 1.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Conagra Brands in the 2nd quarter worth $1,071,275,000. Dimensional Fund Advisors LP lifted its holdings in Conagra Brands by 9.7% in the first quarter. Dimensional Fund Advisors LP now owns 19,323,789 shares of the company’s stock valued at $303,771,000 after acquiring an additional 1,701,624 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Conagra Brands by 34.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,404,020 shares of the company’s stock worth $180,094,000 after purchasing an additional 2,669,959 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Conagra Brands by 23.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 8,125,901 shares of the company’s stock valued at $140,659,000 after purchasing an additional 1,554,725 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Conagra Brands during the 2nd quarter valued at about $47,815,000. Institutional investors own 83.75% of the company’s stock.

Key Headlines Impacting Conagra Brands

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Conagra reported quarterly adjusted earnings of $0.41 per share, well above the $0.28 analyst consensus, while revenue of $2.60 billion was slightly ahead of expectations. Management maintained fiscal 2027 EPS guidance of $1.40–$1.50. Conagra Brands Releases Quarterly Earnings Results
• Positive Sentiment: Barclays initiated or reiterated a bullish view with a “Buy” rating, suggesting analysts see potential value in Conagra’s depressed valuation and turnaround efforts. Conagra Brands Receives a Buy from Barclays
• Neutral Sentiment: RBC reaffirmed its “Sector Perform” rating and assigned a $14 price target, indicating limited near-term upside from current levels and a wait-and-see stance on the recovery. RBC Reaffirms Conagra Rating
• Negative Sentiment: Analysts highlighted continuing pressure on margins and declining volumes, with Conagra’s simplification initiatives not yet fully offsetting operational challenges. CAG Q3 Deep Dive
• Negative Sentiment: The frozen-food business faces potential product cannibalization: Conagra has such a broad assortment of frozen meals that its own brands may be competing for limited shelf space and consumer demand. Frozen Food Aisle Competition
• Negative Sentiment: Commentary on the earnings call characterized the turnaround as showing progress but still facing significant pressure, reinforcing concerns that earnings growth may take time. Conagra Brands Earnings Call

About Conagra Brands

Conagra Brands, Inc is a packaged food company headquartered in Chicago, Illinois. The company develops, produces and markets branded food products sold through grocery stores, mass merchandisers, club stores, convenience stores, foodservice operators and e-commerce channels.

Its portfolio includes frozen, refrigerated, grocery and snack products. Well-known brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Slim Jim, Hunt’s, Chef Boyardee, Orville Redenbacher’s, Vlasic, PAM and Angie’s BOOMCHICKAPOP.