Conagra Brands (NYSE:CAG) Given Sector Perform Rating at Royal Bank Of Canada

Conagra Brands (NYSE:CAG)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank Of Canada in a report issued on Thursday, Benzinga reports. They presently have a $14.00 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 5.90% from the company’s previous close.

Several other research analysts also recently issued reports on the company. Barclays lifted their price target on Conagra Brands from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. UBS Group raised their target price on shares of Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Morgan Stanley reduced their price target on shares of Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. JPMorgan Chase & Co. increased their price target on shares of Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. 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 assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $14.13.

Conagra Brands Price Performance

Shares of NYSE:CAG opened at $13.22 on Thursday. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of -3.31 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. The business’s 50 day simple moving average is $15.23 and its 200-day simple moving average is $14.60. Conagra Brands has a 12 month low of $12.53 and a 12 month high of $20.32.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data 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. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.Conagra Brands’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, equities analysts forecast that Conagra Brands will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of Conagra Brands

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Conagra Brands during the 2nd quarter worth approximately $1,071,275,000. Norges Bank acquired a new position in Conagra Brands during the fourth quarter valued at approximately $145,656,000. Bank of New York Mellon Corp purchased a new stake in Conagra Brands during the second quarter worth approximately $47,815,000. Arrowstreet Capital Limited Partnership grew its stake in Conagra Brands by 34.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,404,020 shares of the company’s stock worth $180,094,000 after buying an additional 2,669,959 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in shares of Conagra Brands in the second quarter worth $30,316,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands News Summary

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

• Positive Sentiment: Conagra reported fiscal Q1 2027 adjusted EPS of $0.41, well above the roughly $0.28–$0.31 analyst consensus, while revenue of $2.60 billion also narrowly exceeded estimates. Management cited lower SG&A, higher equity income and resilient demand for pantry staples such as Slim Jim. Reuters earnings report
• Positive Sentiment: Management reaffirmed fiscal 2027 adjusted EPS guidance of $1.40–$1.50 and maintained its outlook for a 3% to 1% decline in organic net sales and a 10.0%–10.5% adjusted operating margin. The reaffirmation removes a near-term guidance-cut risk. Conagra first-quarter results
• Neutral Sentiment: Management’s earnings-call remarks emphasized ongoing efforts to improve brand execution, productivity and margins. Recent insider purchases may provide some confidence in management’s view of the valuation, although they are not a substitute for improving operating trends. Prepared earnings-call remarks
• Negative Sentiment: Revenue fell 1.4% year over year, with organic sales and volumes weakening, particularly in the Grocery & Snacks and Refrigerated & Frozen segments. Investors appear concerned that the profit beat was driven by cost control rather than stronger underlying demand. Sales decline overshadows profit beat
• Negative Sentiment: Reported operating profit declined 22.7%, gross profit dropped 3.4%, and free cash flow was negative $128 million. With approximately $7.4 billion of net debt, the weak cash generation reinforces concerns about leverage and the durability of Conagra’s turnaround. Conagra turnaround analysis

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.