Conagra Brands (NYSE:CAG) Stock Price Expected to Rise, Barclays Analyst Says

Conagra Brands (NYSE:CAG) had its target price upped by Barclays from $16.00 to $17.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 17.38% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings cut Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 25th. BNP Paribas Exane decreased their price target on shares of Conagra Brands from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. TD Cowen lowered their price objective on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Sanford C. Bernstein reissued 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. Finally, Jefferies Financial Group reduced their target price on shares of Conagra Brands from $15.00 to $13.00 and set a “hold” rating for the company in a report on Wednesday, May 27th. One research 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 MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $14.07.

Conagra Brands Stock Performance

CAG opened at $14.48 on Friday. The business’s 50-day moving average price is $13.60 and its two-hundred day moving average price is $15.72. Conagra Brands has a 1 year low of $12.53 and a 1 year high of $20.32. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of -3.62 and a beta of -0.02. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.90 and a quick ratio of 0.30.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.Conagra Brands’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Equities analysts expect that Conagra Brands will post 1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Conagra Brands during the 4th quarter worth approximately $145,656,000. Two Sigma Investments LP grew its stake in shares of Conagra Brands by 239.6% in the third quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock valued at $152,837,000 after buying an additional 5,889,542 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Conagra Brands by 245.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 7,734,061 shares of the company’s stock worth $141,611,000 after buying an additional 5,495,503 shares during the last quarter. AQR Capital Management LLC increased its holdings in Conagra Brands by 216.2% during the third quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock worth $135,318,000 after buying an additional 5,100,424 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Conagra Brands by 241.9% during the third quarter. Qube Research & Technologies Ltd now owns 5,915,490 shares of the company’s stock worth $108,313,000 after buying an additional 4,185,486 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: UBS and JPMorgan both raised their price targets on Conagra Brands, signaling that some analysts see limited downside or modest upside as the company works through its turnaround. Analyst target raises from UBS and JPMorgan
• Positive Sentiment: Investors are viewing the dividend cut as part of a broader reset: Conagra said the move frees up cash for debt reduction, brand investment, and margin improvement, which could support a longer-term recovery. Why Conagra’s Dividend Cut Could Be the Best Thing for Investors
• Neutral Sentiment: Management outlined a “strategic reset” focused on restoring profitability, simplifying the portfolio, improving supply chain execution, and increasing reinvestment in key brands ahead of fiscal 2027. Q4 Earnings Call Highlights
• Negative Sentiment: Conagra reported weaker-than-expected quarterly revenue and operating profit, and its fiscal 2027 EPS guidance of $1.40-$1.50 came in below Wall Street expectations, reinforcing worries about earnings pressure. Reuters earnings and outlook article
• Negative Sentiment: The company also cut its dividend in half, which highlights cash-flow strain and signals that management is prioritizing balance-sheet repair over shareholder returns in the near term. WSJ dividend and loss article

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.