Conagra Brands (NYSE:CAG) Stock Keeps “Sector Perform” Rating at 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 research note issued 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 4.64% from the stock’s current price.

CAG has been the subject of several other reports. Sanford C. Bernstein reiterated an “underperform” rating and set a $12.00 price objective (down from $16.00) on shares of Conagra Brands in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. raised their target price on Conagra Brands from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Conagra Brands in a research report on Tuesday, September 22nd. Barclays increased their price objective on Conagra Brands from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Conagra Brands from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $14.07.

Conagra Brands Stock Up 1.4%

Conagra Brands stock traded up $0.18 during midday trading on Thursday, reaching $13.38. The company’s stock had a trading volume of 19,866,682 shares, compared to its average volume of 15,041,736. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.10 and a quick ratio of 0.31. The stock has a market capitalization of $6.40 billion, a P/E ratio of -3.36 and a beta of 0.02. The stock’s 50-day simple moving average is $15.21 and its 200-day simple moving average is $14.57. Conagra Brands has a 52-week low of $12.53 and a 52-week high of $20.32.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. The business 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 11.46% and a negative net margin of 16.95%.The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, sell-side analysts expect that Conagra Brands will post 1.45 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Conagra Brands during the second quarter worth $1,071,275,000. Dimensional Fund Advisors LP increased its stake in shares of Conagra Brands by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 19,323,789 shares of the company’s stock worth $303,771,000 after purchasing an additional 1,701,624 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of 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 purchasing an additional 2,669,959 shares in the last quarter. Norges Bank acquired a new position in shares of Conagra Brands during the 4th quarter worth about $145,656,000. Finally, Goldman Sachs Group Inc. lifted its stake in Conagra Brands by 23.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,125,901 shares of the company’s stock valued at $140,659,000 after buying an additional 1,554,725 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Key Conagra Brands News

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

Conagra Brands Company Profile

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.