Zacks Research Upgrades Conagra Brands (NYSE:CAG) to “Hold”

Conagra Brands (NYSE:CAG) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts also recently issued reports on CAG. Bank of America downgraded Conagra Brands from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $27.00 to $20.00 in a research note on Thursday, June 12th. Sanford C. Bernstein set a $21.00 price objective on Conagra Brands and gave the stock a “market perform” rating in a research note on Friday, July 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a research note on Saturday, September 27th. UBS Group reduced their price objective on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. Finally, The Goldman Sachs Group downgraded Conagra Brands from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $26.00 to $21.00 in a research note on Monday, June 9th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Conagra Brands has a consensus rating of “Reduce” and a consensus target price of $21.92.

Conagra Brands Trading Down 0.3%

NYSE:CAG opened at $19.12 on Thursday. The company has a quick ratio of 0.24, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Conagra Brands has a 1-year low of $17.89 and a 1-year high of $30.47. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 1.84 and a beta of 0.03. The stock has a fifty day simple moving average of $18.97 and a 200 day simple moving average of $21.60.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Sell-side analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Institutional Investors Weigh In On Conagra Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new position in shares of Conagra Brands in the 1st quarter valued at approximately $26,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Conagra Brands in the 1st quarter valued at approximately $27,000. Capital Advisors Ltd. LLC raised its stake in shares of Conagra Brands by 82.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock valued at $27,000 after acquiring an additional 452 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Conagra Brands by 235.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock valued at $28,000 after acquiring an additional 741 shares in the last quarter. Finally, Quaker Wealth Management LLC raised its stake in shares of Conagra Brands by 202.3% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after acquiring an additional 2,427 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

About Conagra Brands

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.