Nomad Foods (NYSE:NOMD) Stock Keeps Buy Rating at BTIG Research

Nomad Foods (NYSE:NOMD)‘s stock had its “buy” rating restated by equities research analysts at BTIG Research in a report released on Thursday, Benzinga reports. They presently have a $15.00 price objective on the stock. BTIG Research’s price objective suggests a potential upside of 37.75% from the stock’s previous close.

Other research analysts have also issued reports about the company. Barclays raised their target price on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $12.00 price target on shares of Nomad Foods in a research note on Wednesday. Zacks Research downgraded Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nomad Foods in a research note on Tuesday, September 29th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.50.

Nomad Foods Trading Down 1.0%

NOMD traded down $0.11 during trading on Thursday, reaching $10.89. 388,109 shares of the company’s stock were exchanged, compared to its average volume of 1,601,777. Nomad Foods has a one year low of $8.99 and a one year high of $13.08. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.52 billion, a PE ratio of 10.68 and a beta of 0.75. The firm has a fifty day moving average price of $11.35 and a two-hundred day moving average price of $10.69.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. The firm had revenue of $825.94 million during the quarter, compared to the consensus estimate of $825.02 million. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, equities research analysts forecast that Nomad Foods will post 1.63 earnings per share for the current fiscal year.

Insider Activity

In other Nomad Foods news, CEO Dominic Brisby acquired 50,000 shares of the stock in a transaction dated Monday, August 24th. The stock was purchased at an average cost of $12.38 per share, with a total value of $619,000.00. Following the transaction, the chief executive officer owned 726,794 shares in the company, valued at approximately $8,997,709.72. The trade was a 7.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Ruben Baldew acquired 28,290 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of $11.85 per share, for a total transaction of $335,236.50. Following the completion of the purchase, the chief financial officer directly owned 367,172 shares in the company, valued at $4,350,988.20. This trade represents a 8.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 17.27% of the company’s stock.

Hedge Funds Weigh In On Nomad Foods

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its position in shares of Nomad Foods by 3,231.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after buying an additional 2,262 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Nomad Foods by 219.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock worth $75,000 after acquiring an additional 5,341 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Nomad Foods in the first quarter valued at approximately $97,000. DGS Capital Management LLC lifted its stake in Nomad Foods by 17.8% during the 4th quarter. DGS Capital Management LLC now owns 14,839 shares of the company’s stock valued at $186,000 after acquiring an additional 2,243 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new position in Nomad Foods during the first quarter worth about $150,000. 75.26% of the stock is currently owned by institutional investors.

About Nomad Foods

Nomad Foods Ltd. is a European food company focused on frozen foods. Its portfolio includes frozen fish, vegetables, poultry, potato products, meals, and desserts sold through grocery retailers and other food channels.

The company markets products under several established brands, including Birds Eye in the United Kingdom and Ireland, iglo in Germany and other European markets, Findus in parts of continental Europe, Aunt Bessie’s in the United Kingdom, and Goodfella’s frozen pizza in selected markets.