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

Nomad Foods (NYSE:NOMD)‘s stock had its “buy” rating reiterated by research analysts at BTIG Research in a report released on Thursday, Benzinga reports. They currently have a $15.00 target price on the stock. BTIG Research’s target price would indicate a potential upside of 36.41% from the stock’s previous close.

Other analysts also recently issued reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nomad Foods in a research note on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft restated 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, Barclays lifted their target price on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.50.

Nomad Foods Stock Down 0.0%

Shares of NYSE:NOMD traded down $0.00 during trading on Thursday, hitting $11.00. The stock had a trading volume of 1,012,211 shares, compared to its average volume of 1,604,675. Nomad Foods has a 12 month low of $8.99 and a 12 month high of $13.08. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.54 billion, a PE ratio of 10.83 and a beta of 0.75. The firm’s fifty day moving average is $11.35 and its 200 day moving average is $10.69.

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

Insider Transactions at Nomad Foods

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NOMD. Lombard Odier Asset Management Europe Ltd bought a new position in Nomad Foods in the fourth quarter worth approximately $11,147,000. Invenomic Capital Management LP raised its stake in Nomad Foods by 75.9% in the fourth quarter. Invenomic Capital Management LP now owns 1,675,263 shares of the company’s stock worth $20,958,000 after buying an additional 722,995 shares in the last quarter. Ancora Advisors LLC bought a new position in Nomad Foods in the second quarter worth approximately $6,465,000. Endure Capital Management LLC bought a new position in Nomad Foods in the first quarter worth approximately $4,236,000. Finally, Sound Income Strategies LLC raised its stake in Nomad Foods by 102.3% in the first quarter. Sound Income Strategies LLC now owns 676,241 shares of the company’s stock worth $6,472,000 after buying an additional 341,964 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Company Profile

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.