Conagra Brands (NYSE:CAG) Given New $16.00 Price Target at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein cut its price target on Conagra Brands to $16.00 (from $18) and kept a "market perform" rating, implying roughly a 3% upside from the prior close.
• Analysts have broadly trimmed expectations—two Buy, eleven Hold and four Sell—leaving a MarketBeat consensus of "Reduce" and an average price target of $16.53.
• Conagra's latest quarter missed EPS by $0.01 ($0.39 vs. $0.40) despite a slight revenue beat, and management lowered full‑year profit guidance as margins contracted, highlighting near‑term profitability headwinds.

Conagra Brands (NYSE:CAG - Get Free Report) had its target price reduced by stock analysts at Sanford C. Bernstein from $18.00 to $16.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has a "market perform" rating on the stock. Sanford C. Bernstein's price target points to a potential upside of 2.99% from the stock's previous close.

CAG has been the topic of a number of other research reports. Bank of America dropped their price objective on Conagra Brands from $18.00 to $17.00 and set an "underperform" rating on the stock in a report on Monday, December 22nd. Evercore decreased their target price on shares of Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $15.00 price target (down from $20.00) on shares of Conagra Brands in a research note on Thursday, March 12th. TD Cowen cut their price target on shares of Conagra Brands from $18.00 to $14.00 and set a "hold" rating for the company in a report on Wednesday, March 25th. Finally, Zacks Research upgraded shares of Conagra Brands from a "strong sell" rating to a "hold" rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $16.53.

Conagra Brands Price Performance

Shares of NYSE:CAG opened at $15.54 on Thursday. Conagra Brands has a 52 week low of $15.03 and a 52 week high of $27.68. The company has a 50-day moving average price of $17.84 and a 200 day moving average price of $17.76. The company has a market cap of $7.43 billion, a P/E ratio of -70.61 and a beta of 0.04. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80.

Conagra Brands (NYSE:CAG - Get Free Report) last released its earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The business's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. Research analysts predict that Conagra Brands will post 2.35 earnings per share for the current year.

Institutional Trading of Conagra Brands

Institutional investors have recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in Conagra Brands in the second quarter valued at $26,000. Harbour Investments Inc. raised its stake in shares of Conagra Brands by 80.4% during the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company's stock worth $27,000 after buying an additional 701 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Conagra Brands by 844.4% in the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company's stock worth $29,000 after buying an additional 1,427 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Conagra Brands in the 2nd quarter worth about $29,000. Finally, Spire Wealth Management grew its stake in Conagra Brands by 249.0% in the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company's stock valued at $32,000 after acquiring an additional 1,230 shares during the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands News Summary

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

• Positive Sentiment: Revenue slightly beat estimates and the company reported organic sales growth driven by stronger frozen and snacks volumes, evidence that core categories remain resilient. Conagra Q3 Earnings Miss Estimates Despite Organic Sales Growth
• Positive Sentiment: Management highlighted volume growth and category strength on the earnings call, helping some investors see a path to margin recovery if inflation eases. Conagra Brands Inc (CAG) Q3 2026 Earnings Call Highlights: Strong Volume Growth Amid Inflation ...
• Neutral Sentiment: Market commentators and value investors point to a high dividend yield (~9% reported) and technical support at recent lows, which can stabilize the stock despite fundamental headwinds. 3 Signs Now is a Good Time to Buy Conagra Stock
• Negative Sentiment: EPS missed consensus ($0.39 vs $0.40) and margins contracted year‑over‑year, raising near‑term profitability concerns. Conagra Q3 earnings report summary
• Negative Sentiment: Management narrowed and lowered its full‑year profit guidance, citing rising costs — a primary driver of the stock weakness. Conagra Brands expects weak annual profit on rising costs
• Negative Sentiment: Analysts adjusted expectations: Jefferies cut its price target to $15 and several boutiques signaled caution, keeping downward pressure on sentiment. Jefferies adjusts price target on Conagra Brands to $15
• Negative Sentiment: Coverage pieces note broad analyst skepticism relative to peers and some price targets below the stock, amplifying selling pressure after mixed results. What Wall Street Expects From These 3 Food Giants After Mixed Earnings

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra's product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender's and Banquet in the frozen foods category, as well as Hunt's sauces, Orville Redenbacher's popcorn, Slim Jim meat snacks and Reddi-wip toppings.

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