Conagra Brands (NYSE:CAG) Stock Rating Reaffirmed as Sector Perform by Royal Bank Of Canada

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

A number of other research analysts also recently issued reports on CAG. Deutsche Bank Aktiengesellschaft upped their target price on shares of Conagra Brands from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Friday, September 18th. Sanford C. Bernstein reissued an “underperform” rating and set a $12.00 price target (down from $16.00) on shares of Conagra Brands in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. increased their price objective on shares of Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. UBS Group raised their price objective on shares of Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Conagra Brands in a report on Tuesday, September 22nd. One 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 MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $14.13.

Conagra Brands Trading Down 3.5%

NYSE:CAG traded down $0.47 during trading hours on Thursday, hitting $12.98. 7,488,576 shares of the stock were exchanged, compared to its average volume of 14,903,967. The company has a market capitalization of $6.21 billion, a P/E ratio of -3.24 and a beta of -0.01. The company has a quick ratio of 0.31, a current ratio of 0.90 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $15.23 and its two-hundred day moving average is $14.60. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32.

Conagra Brands (NYSE:CAG) last released its earnings results on Wednesday, September 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.28 by $0.13. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the firm earned $0.39 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, sell-side analysts anticipate that Conagra Brands will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of Conagra Brands

A number of large investors have recently made changes to their positions in CAG. All Terrain Financial Advisors LLC lifted its holdings in Conagra Brands by 0.3% during the fourth quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock worth $3,063,000 after acquiring an additional 609 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Conagra Brands by 80.4% in the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after acquiring an additional 701 shares in the last quarter. Tema ETFs LLC raised its position in shares of Conagra Brands by 9.3% during the second quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock worth $115,000 after purchasing an additional 725 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Conagra Brands by 20.9% during the 1st quarter. Root Financial Partners LLC now owns 4,855 shares of the company’s stock valued at $76,000 after purchasing an additional 839 shares in the last quarter. Finally, Castle Rock Wealth Management LLC grew its position in shares of Conagra Brands by 3.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 26,128 shares of the company’s stock valued at $374,000 after purchasing an additional 911 shares during the period. Institutional investors own 83.75% of the company’s stock.

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.