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

Conagra Brands (NYSE:CAG)‘s stock had its “sector perform” rating reaffirmed by research analysts at Royal Bank Of Canada in a report released on Thursday, Benzinga reports. They presently have a $14.00 target price on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 6.10% from the company’s previous close.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on Conagra Brands from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Barclays lifted their price objective on Conagra Brands from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Morgan Stanley lowered their price target on shares of Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. 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. Finally, Weiss Ratings reiterated 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 issued a Sell rating to the company. According to MarketBeat.com, Conagra Brands has an average rating of “Reduce” and an average price target of $14.13.

Conagra Brands Stock Performance

CAG stock traded down $0.25 during midday trading on Thursday, reaching $13.20. The company had a trading volume of 27,190,786 shares, compared to its average volume of 15,016,044. Conagra Brands has a fifty-two week low of $12.53 and a fifty-two week high of $20.32. The firm has a market capitalization of $6.31 billion, a PE ratio of -3.30 and a beta of -0.01. The stock has a 50 day moving average price of $15.23 and a 200 day moving average price of $14.60. The company has a quick ratio of 0.31, a current ratio of 0.90 and a debt-to-equity ratio of 1.02.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CAG. BlackRock Inc. acquired a new position in shares of Conagra Brands during the 2nd quarter worth $1,071,275,000. Norges Bank bought a new stake in shares of Conagra Brands during the fourth quarter worth $145,656,000. Bank of New York Mellon Corp acquired a new stake in shares of Conagra Brands during the 2nd quarter valued at $47,815,000. Arrowstreet Capital Limited Partnership increased its holdings in Conagra Brands by 34.5% in the 4th 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. Finally, Freestone Grove Partners LP acquired a new stake in shares of Conagra Brands during the second quarter valued at about $30,316,000. 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 fiscal Q1 2027 adjusted EPS of $0.41, ahead of the roughly $0.28–$0.31 analyst consensus, while revenue of $2.60 billion slightly exceeded estimates. Lower SG&A and higher equity income helped offset operational pressure. Conagra Brands beats first-quarter profit and sales estimates
• Positive Sentiment: Management reaffirmed fiscal 2027 guidance, including adjusted EPS of $1.40 to $1.50, organic net sales growth of negative 3% to negative 1%, and an adjusted operating margin of 10.0% to 10.5%. The company also reduced net debt by $193 million year over year. Conagra Brands Reports First Quarter Results
• Positive Sentiment: Barclays reportedly initiated or reiterated a Buy view on CAG, while recent insider purchases and Barclays’ increased institutional position provide additional supportive signals. Conagra Brands receives a Buy from Barclays
• Neutral Sentiment: Royal Bank of Canada maintained a Sector Perform rating and set a $14 price target, implying only modest upside and signaling limited near-term conviction. Royal Bank of Canada reaffirms Sector Perform rating
• Negative Sentiment: Revenue declined 1.4% year over year, organic sales fell 1.1%, and volumes weakened, particularly in Grocery & Snacks and Refrigerated & Frozen. Gross profit fell 3.4%, reported operating profit dropped 22.7%, and free cash flow was negative $128 million. Analysts characterized the quarter as a difficult turnaround, with margin pressure and simplification efforts still unresolved. CAG Q3 deep dive

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.