Stifel Reiterates Hold Rating on ConAgra (CAG)

Stifel analyst Matthew Smith reiterated a Hold rating and $26.00 price target on ConAgra (NYSE: CAG)

The analyst comments "Conagra reported a $0.02 miss versus our 3Q25 estimate driven by a lower-than-expected sales and margin performance related to the supply disruptions in the Refrigerated & Frozen business as a better than expected below the line performance was an offset; EPS of $0.51 was down 26%. Organic sales in the third quarter decreased 5% consisting of a 3% volume decline and a 2% drag from price/mix. Shipments trailed consumption by 3% during the quarter related to frozen manufacturing challenges. The company reiterated its FY25 guidance (lowered at CAGNY due to frozen supply constraints) and continues to expect a 2% decline for organic sales, 14.4% operating margin, and EPS of approximately $2.35. We continue to estimate FY25 EPS of $2.35 with the fourth quarter inventory rebuild and improved margin performance offset the miss in 3Q25 versus our estimate. We continue with our Hold rating and $26 target price."

For an analyst ratings summary and ratings history on ConAgra click here. For more ratings news on ConAgra click here.

Shares of ConAgra closed at $26.78 yesterday.

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