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 analysts at Royal Bank Of Canada in a note issued to investors on Thursday, Benzinga reports. They presently have a $14.00 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 7.10% from the stock’s current price.

Several other brokerages have also recently issued reports on CAG. Morgan Stanley lowered their price objective on shares of Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Conagra Brands in a research report on Tuesday, September 22nd. Barclays lifted their target price on Conagra Brands from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Sanford C. Bernstein restated 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, JPMorgan Chase & Co. raised 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. 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.com, the company currently has an average rating of “Reduce” and an average target price of $14.13.

Conagra Brands Trading Down 2.7%

Shares of CAG stock traded down $0.37 during trading hours on Thursday, hitting $13.07. 4,774,744 shares of the company were exchanged, compared to its average volume of 14,878,702. The firm has a fifty day moving average of $15.23 and a 200 day moving average 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 has a 1 year low of $12.53 and a 1 year high of $20.32. The firm has a market cap of $6.26 billion, a PE ratio of -3.27 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last released its earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. Conagra Brands’s revenue 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 expect that Conagra Brands will post 1.45 earnings per share for the current year.

Institutional Trading of Conagra Brands

Several large investors have recently added to or reduced their stakes in CAG. BlackRock Inc. acquired a new position in shares of Conagra Brands during the second quarter worth about $1,071,275,000. Dimensional Fund Advisors LP boosted its position in shares of Conagra Brands by 9.7% in the first quarter. Dimensional Fund Advisors LP now owns 19,323,789 shares of the company’s stock worth $303,771,000 after buying an additional 1,701,624 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Conagra Brands by 34.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,404,020 shares of the company’s stock valued at $180,094,000 after buying an additional 2,669,959 shares in the last quarter. Norges Bank purchased a new stake in shares of Conagra Brands during the 4th quarter valued at about $145,656,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Conagra Brands by 23.7% during 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 during the period. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Conagra Brands

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

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.