Conagra Brands (NYSE:CAG) Price Target Lowered to $17.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its price target on Conagra to $17 (from $20) and keeps a "sector perform" rating, while multiple brokers have trimmed targets recently—the analyst consensus is a "Reduce" with an average target of $16.53.
• Conagra's latest quarter showed a slight revenue beat but a $0.01 EPS miss and margin contraction, and management narrowed/lowered full‑year profit guidance citing rising costs, pressuring the stock despite a high dividend yield and heavy institutional ownership.

Conagra Brands (NYSE:CAG - Get Free Report) had its price objective reduced by research analysts at Royal Bank Of Canada from $20.00 to $17.00 in a report released on Thursday,MarketScreener reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 9.43% from the company's previous close.

Several other analysts also recently commented on CAG. Wall Street Zen raised shares of Conagra Brands from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. Bank of America reduced their target price on shares of Conagra Brands from $18.00 to $17.00 and set an "underperform" rating for the company in a report on Monday, December 22nd. Morgan Stanley reissued an "overweight" rating on shares of Conagra Brands in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Conagra Brands from $18.00 to $14.00 and set a "hold" rating on the stock in a report on Monday. Finally, Jefferies Financial Group lowered their target price on Conagra Brands from $16.00 to $15.00 and set a "hold" rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $16.53.

Conagra Brands Price Performance

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

Conagra Brands (NYSE:CAG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 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 analysts' expectations of $2.76 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. On average, research analysts expect that Conagra Brands will post 2.35 EPS for the current fiscal year.

Institutional Trading of Conagra Brands

Several large investors have recently bought and sold shares of CAG. Wealth Enhancement Advisory Services LLC boosted its holdings in Conagra Brands by 45.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company's stock valued at $6,485,000 after purchasing an additional 106,891 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Conagra Brands by 13.7% in the 3rd quarter. AE Wealth Management LLC now owns 720,093 shares of the company's stock valued at $13,185,000 after purchasing an additional 86,604 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Conagra Brands by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,021,478 shares of the company's stock worth $55,323,000 after purchasing an additional 408,597 shares during the last quarter. AIA Group Ltd grew its holdings in shares of Conagra Brands by 238.9% during the third quarter. AIA Group Ltd now owns 205,954 shares of the company's stock worth $3,771,000 after buying an additional 145,191 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of Conagra Brands in the third quarter valued at about $7,310,000. Hedge funds and other 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: 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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