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

Conagra Brands (NYSE:CAG)‘s stock had its “sector perform” rating restated by investment analysts at Royal Bank Of Canada in a research note issued to investors on Thursday, Benzinga reports. They currently have a $14.00 price objective on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 7.73% from the company’s previous close.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Conagra Brands from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Morgan Stanley lowered their price objective 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. Weiss Ratings restated a “sell (d)” rating on shares of Conagra Brands in a report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Conagra Brands from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, September 18th. Finally, UBS Group boosted their target price on shares of Conagra Brands from $13.00 to $14.00 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 given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $14.13.

Conagra Brands Trading Down 3.3%

Conagra Brands stock traded down $0.45 during midday trading on Thursday, hitting $13.00. 12,995,560 shares of the stock were exchanged, compared to its average volume of 14,935,213. The company has a fifty day simple moving average of $15.23 and a two-hundred day simple moving average of $14.60. Conagra Brands has a 52 week low of $12.53 and a 52 week high of $20.32. The stock has a market capitalization of $6.22 billion, a PE ratio of -3.25 and a beta of -0.01. 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 released its quarterly earnings data on Wednesday, September 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 negative net margin of 16.99% and a positive return on equity of 10.44%. Conagra Brands’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Equities research analysts anticipate that Conagra Brands will post 1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. raised its stake in Conagra Brands by 3.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 474,794 shares of the company’s stock valued at $6,391,000 after purchasing an additional 16,213 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Conagra Brands by 7.5% in the second quarter. Envestnet Asset Management Inc. now owns 592,592 shares of the company’s stock valued at $7,976,000 after buying an additional 41,185 shares during the period. Altar Rock LLC bought a new stake in Conagra Brands in the second quarter valued at approximately $155,000. Engineers Gate Manager LP bought a new stake in Conagra Brands in the second quarter valued at approximately $2,097,000. Finally, Cidel Asset Management Inc. boosted its holdings in Conagra Brands by 22.5% in the second quarter. Cidel Asset Management Inc. now owns 14,542 shares of the company’s stock valued at $196,000 after acquiring an additional 2,672 shares during the last quarter. Institutional investors and hedge funds 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: Quarterly earnings beat estimates: Conagra reported fiscal Q1 adjusted EPS of $0.41, above the $0.28–$0.31 analyst consensus, while revenue of $2.60 billion slightly exceeded expectations. Profit benefited from lower selling, general and administrative expenses, higher equity income and resilient demand for products such as Slim Jim. Reuters earnings report
• Positive Sentiment: Fiscal 2027 guidance was maintained: Management kept its outlook for adjusted EPS of $1.40–$1.50, organic net sales declining 1%–3% and an adjusted operating margin of 10.0%–10.5%. The reaffirmation reduces the risk of an immediate guidance cut. Conagra first-quarter results
• Positive Sentiment: RBC retained a “sector perform” rating and set a $14 price target, implying moderate upside from the reported trading level, but the rating signals limited near-term conviction. RBC rating and price target
• Neutral Sentiment: Analyst reaction remains cautious: The earnings beat was offset by weaker sales trends, with commentary emphasizing that Conagra’s turnaround still depends on stabilizing volumes, improving brand performance and executing its cost-control plans. Conagra turnaround analysis
• Negative Sentiment: Sales and profitability metrics remained weak: Revenue fell 1.4% year over year to $2.60 billion, organic sales declined 1.1%, gross profit dropped 3.4% and reported operating profit fell 22.7%. Weakness was concentrated in the Grocery & Snacks and Refrigerated & Frozen segments.
• Negative Sentiment: Cash flow and leverage remain concerns: Conagra generated negative free cash flow of $128 million during the quarter and ended the period with approximately $7.4 billion in net debt, limiting financial flexibility. Conagra financial results and balance sheet

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.