Conagra Brands (NYSE:CAG) Stock Moved Up to Hold by Zacks Research

Conagra Brands (NYSE:CAG) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday, Zacks reports.

CAG has been the subject of a number of other research reports. UBS Group lifted their target price on Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Sanford C. Bernstein restated an “underperform” rating and issued a $12.00 price objective (down from $16.00) on shares of Conagra Brands in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Conagra Brands from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Friday, September 18th. Morgan Stanley decreased their target price on shares of Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Conagra Brands in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Conagra Brands has an average rating of “Reduce” and a consensus target price of $14.07.

Conagra Brands Stock Performance

NYSE CAG opened at $13.38 on Thursday. The firm has a market cap of $6.39 billion, a P/E ratio of -3.36 and a beta of 0.02. The company has a quick ratio of 0.31, a current ratio of 1.10 and a debt-to-equity ratio of 1.08. The company’s 50 day moving average is $15.18 and its 200-day moving average is $14.56. Conagra Brands has a 12-month low of $12.53 and a 12-month high of $20.32.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, September 30th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. The business 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%. Conagra Brands’s revenue was down 1.4% compared to the same quarter last year. During the same period 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 predict that Conagra Brands will post 1.46 earnings per share for the current year.

Institutional Investors Weigh In On Conagra Brands

Large investors have recently added to or reduced their stakes in the company. All Terrain Financial Advisors LLC increased its stake in shares of Conagra Brands by 0.3% during the fourth quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock valued at $3,063,000 after buying an additional 609 shares during the period. Harbour Investments Inc. increased its position in Conagra Brands by 80.4% during the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock valued at $27,000 after purchasing an additional 701 shares during the period. Tema ETFs LLC increased its position in Conagra Brands by 9.3% during the 2nd quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock valued at $115,000 after purchasing an additional 725 shares during the period. Root Financial Partners LLC lifted its position in shares of Conagra Brands by 20.9% in the 1st quarter. Root Financial Partners LLC now owns 4,855 shares of the company’s stock worth $76,000 after purchasing an additional 839 shares during the period. Finally, Castle Rock Wealth Management LLC boosted its stake in shares of Conagra Brands by 3.6% during 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 in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Key Stories Impacting Conagra Brands

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

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.