Conagra Brands (NYSE:CAG – Get Free Report) had its price target lowered by equities researchers at Evercore from $19.00 to $18.00 in a report released on Thursday,MarketScreener reports. Evercore’s target price indicates a potential upside of 15.87% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. UBS Group restated a “neutral” rating and set a $20.00 target price on shares of Conagra Brands in a research report on Friday, February 13th. Jefferies Financial Group reduced their price target on shares of Conagra Brands from $16.00 to $15.00 and set a “hold” rating on the stock in a report on Monday. Wall Street Zen upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Royal Bank Of Canada dropped their price objective on shares of Conagra Brands from $20.00 to $17.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, TD Cowen cut their price objective on Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $16.53.
View Our Latest Analysis on Conagra Brands
Conagra Brands Stock Down 1.2%
Conagra Brands (NYSE:CAG – Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Conagra Brands
A number of institutional investors and hedge funds have recently made changes to their positions in CAG. CYBER HORNET ETFs LLC purchased a new stake in shares of Conagra Brands during the 2nd quarter valued at about $26,000. MUFG Securities EMEA plc purchased a new position in Conagra Brands in the second quarter worth about $29,000. Harbour Investments Inc. increased its stake in Conagra Brands by 80.4% during the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after acquiring an additional 701 shares during the last quarter. True Wealth Design LLC increased its stake in Conagra Brands by 844.4% during the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after acquiring an additional 1,427 shares during the last quarter. Finally, Spire Wealth Management raised its position in Conagra Brands by 249.0% during the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after purchasing an additional 1,230 shares during the period. 83.75% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Conagra Brands
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.
See Also
Receive News & Ratings for Conagra Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands and related companies with MarketBeat.com's FREE daily email newsletter.
