Conagra Brands (NYSE:CAG) Updates FY 2027 Earnings Guidance

Conagra Brands (NYSE:CAG) issued an update on its FY 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.400-1.500 for the period, compared to the consensus earnings per share estimate of 1.610. The company issued revenue guidance of -.

Conagra Brands Stock Performance

CAG stock opened at $14.17 on Wednesday. The business’s fifty day simple moving average is $13.60 and its two-hundred day simple moving average is $15.76. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of -141.72 and a beta of -0.02. The company has a quick ratio of 0.30, a current ratio of 0.90 and a debt-to-equity ratio of 0.79.

Analysts Set New Price Targets

CAG has been the subject of several research reports. Stifel Nicolaus dropped their target price on Conagra Brands from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, April 21st. Zacks Research downgraded Conagra Brands from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Morgan Stanley lowered their price objective on Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Weiss Ratings cut Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 25th. Finally, UBS Group dropped their price target on Conagra Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $14.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its stake in shares of Conagra Brands by 4.2% in the 1st quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock worth $628,000 after buying an additional 954 shares during the last quarter. United Services Automobile Association purchased a new position in Conagra Brands during the 1st quarter worth $225,000. Empowered Funds LLC increased its holdings in shares of Conagra Brands by 5.9% in the first quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock valued at $970,000 after purchasing an additional 2,038 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Conagra Brands by 40.7% in the 1st quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock worth $1,075,000 after acquiring an additional 11,664 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Conagra Brands by 3.9% during the second quarter. Gamco Investors INC. ET AL now owns 50,450 shares of the company’s stock worth $1,033,000 after buying an additional 1,900 shares during the period. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Company Profile

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.