Conagra Brands’ (CAG) “Sector Perform” Rating Reaffirmed at Royal Bank Of Canada

Conagra Brands (NYSE:CAG)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued on Thursday, Benzinga reports. They currently have a $14.00 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 4.64% from the stock’s previous close.

A number of other analysts have also recently weighed in on CAG. Barclays upped their target price on shares of Conagra Brands from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. upped their price objective on shares of 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 note on Tuesday, September 22nd. Morgan Stanley decreased 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 research note on Friday, June 5th. Finally, Evercore set a $13.00 price objective on shares of Conagra Brands in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $14.07.

Conagra Brands Stock Performance

Conagra Brands stock traded up $0.18 on Thursday, reaching $13.38. 19,718,447 shares of the stock were exchanged, compared to its average volume of 15,040,912. The stock has a market cap of $6.40 billion, a PE 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. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32. The firm has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $14.57.

Conagra Brands (NYSE:CAG) last released its 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 firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. Conagra Brands had a negative net margin of 16.95% and a positive return on equity of 11.46%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Sell-side analysts anticipate that Conagra Brands will post 1.45 EPS for the current year.

Hedge Funds Weigh In On Conagra Brands

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

Key Stories Impacting Conagra Brands

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

• Positive Sentiment: Conagra reported quarterly adjusted EPS of $0.41, above the $0.28 analyst consensus, while revenue of $2.60 billion slightly exceeded estimates. Management maintained fiscal 2027 EPS guidance of $1.40 to $1.50. Conagra Brands Releases Quarterly Earnings Results
• Positive Sentiment: Barclays initiated or reiterated a Buy rating, indicating that the valuation and potential turnaround may offer upside despite near-term operating challenges. Conagra Brands Receives a Buy from Barclays
• Neutral Sentiment: RBC reaffirmed its Sector Perform rating and assigned a $14 price target, suggesting limited near-term upside from recent trading levels and a wait-and-see stance on the recovery. RBC Reaffirms Sector Perform Rating
• Negative Sentiment: Although earnings beat expectations, revenue declined 1.4% year over year. Analysts highlighted falling volumes, continued margin pressure and the need for simplification, making the earnings beat appear less durable. CAG Deep Dive on Margin Pressures and Declining Volumes
• Negative Sentiment: Analysts warned that Conagra’s extensive frozen-food lineup may be competing with itself in an increasingly crowded aisle, potentially limiting pricing power, shelf productivity and volume growth. Frozen Food Aisle Competition
• Negative Sentiment: The broader earnings-call commentary emphasized progress but also persistent pressure on demand, margins and the turnaround strategy. Those concerns appear to be outweighing the quarterly EPS beat and supporting the recent decline in CAG shares. Conagra Brands Earnings Call Balances Progress and Pressure

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.