Conagra Brands (NYSE:CAG) Earns Sector Perform Rating from Royal Bank Of Canada

Conagra Brands (NYSE:CAG)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank Of Canada in a note issued to investors on Thursday, Benzinga reports. They presently have a $14.00 price objective on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 7.90% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Evercore set a $13.00 target price on Conagra Brands in a report on Tuesday. Barclays increased their price target on Conagra Brands from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. UBS Group increased their price target on Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Sanford C. Bernstein restated an “underperform” rating and set a $12.00 price objective (down from $16.00) on shares of Conagra Brands in a research report on Wednesday, June 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Conagra Brands in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $14.13.

Conagra Brands Stock Performance

Shares of CAG traded down $0.47 during trading hours on Thursday, reaching $12.98. 8,349,412 shares of the company’s stock traded hands, compared to its average volume of 14,906,688. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of -3.24 and a beta of -0.01. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.90 and a quick ratio of 0.31. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32. The business’s fifty day simple moving average is $15.23 and its two-hundred day simple moving average is $14.60.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, September 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Analysts predict that Conagra Brands will post 1.45 earnings per share for the current year.

Institutional Investors Weigh In On Conagra Brands

Several institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Conagra Brands by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 474,794 shares of the company’s stock valued at $6,391,000 after buying an additional 16,213 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Conagra Brands by 7.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 592,592 shares of the company’s stock valued at $7,976,000 after acquiring an additional 41,185 shares in the last quarter. Altar Rock LLC bought a new position in shares of Conagra Brands in the 2nd quarter valued at approximately $155,000. Engineers Gate Manager LP bought a new position in shares of Conagra Brands in the 2nd quarter valued at approximately $2,097,000. Finally, Cidel Asset Management Inc. raised its stake in shares of Conagra Brands by 22.5% in the 2nd quarter. Cidel Asset Management Inc. now owns 14,542 shares of the company’s stock valued at $196,000 after acquiring an additional 2,672 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

More Conagra Brands News

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

• Positive Sentiment: Quarterly earnings beat estimates: Conagra reported fiscal Q1 adjusted EPS of $0.41, above the $0.28–$0.31 analyst consensus, while revenue of $2.60 billion slightly exceeded expectations. Profit benefited from lower selling, general and administrative expenses, higher equity income and resilient demand for products such as Slim Jim. Reuters earnings report
• Positive Sentiment: Fiscal 2027 guidance was maintained: Management kept its outlook for adjusted EPS of $1.40–$1.50, organic net sales declining 1%–3% and an adjusted operating margin of 10.0%–10.5%. The reaffirmation reduces the risk of an immediate guidance cut. Conagra first-quarter results
• Positive Sentiment: RBC retained a “sector perform” rating and set a $14 price target, implying moderate upside from the reported trading level, but the rating signals limited near-term conviction. RBC rating and price target
• Neutral Sentiment: Analyst reaction remains cautious: The earnings beat was offset by weaker sales trends, with commentary emphasizing that Conagra’s turnaround still depends on stabilizing volumes, improving brand performance and executing its cost-control plans. Conagra turnaround analysis
• Negative Sentiment: Sales and profitability metrics remained weak: Revenue fell 1.4% year over year to $2.60 billion, organic sales declined 1.1%, gross profit dropped 3.4% and reported operating profit fell 22.7%. Weakness was concentrated in the Grocery & Snacks and Refrigerated & Frozen segments.
• Negative Sentiment: Cash flow and leverage remain concerns: Conagra generated negative free cash flow of $128 million during the quarter and ended the period with approximately $7.4 billion in net debt, limiting financial flexibility. Conagra financial results and balance sheet

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.