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

Nomad Foods (NYSE:NOMD)‘s stock had its “buy” rating reissued by equities research analysts at BTIG Research in a research note issued to investors on Thursday, Benzinga reports. They currently have a $15.00 price objective on the stock. BTIG Research’s price objective suggests a potential upside of 32.22% from the stock’s current price.

NOMD has been the topic of a number of other reports. Barclays upped their price target on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nomad Foods in a report on Tuesday, September 29th. Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $12.00 target price on shares of Nomad Foods in a research note on Wednesday, October 7th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nomad Foods has a consensus rating of “Hold” and an average price target of $13.50.

Nomad Foods Stock Up 2.4%

Shares of NOMD traded up $0.27 on Thursday, hitting $11.35. 815,942 shares of the stock traded hands, compared to its average volume of 1,603,241. Nomad Foods has a one year low of $8.99 and a one year high of $13.08. The company has a market capitalization of $1.59 billion, a PE ratio of 11.12 and a beta of 0.75. The business has a 50 day simple moving average of $11.31 and a 200 day simple moving average of $10.71. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 1.10.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings data 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. Nomad Foods had a return on equity of 8.88% and a net margin of 4.20%. The business had revenue of $825.94 million for the quarter, compared to analysts’ expectations of $825.02 million. During the same period in the prior year, the firm posted $0.40 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, equities analysts forecast that Nomad Foods will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Nomad Foods

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Entropy Technologies LP grew its stake in shares of Nomad Foods by 1.7% during the 1st quarter. Entropy Technologies LP now owns 71,479 shares of the company’s stock valued at $687,000 after purchasing an additional 1,188 shares during the period. Farther Finance Advisors LLC increased its position in shares of Nomad Foods by 4.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 39,318 shares of the company’s stock valued at $406,000 after purchasing an additional 1,649 shares during the last quarter. DGS Capital Management LLC lifted its stake in shares of Nomad Foods by 17.8% in the 4th quarter. DGS Capital Management LLC now owns 14,839 shares of the company’s stock worth $186,000 after purchasing an additional 2,243 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Nomad Foods by 3,231.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after purchasing an additional 2,262 shares during the period. Finally, R Squared Ltd boosted its holdings in shares of Nomad Foods by 7.4% in the first quarter. R Squared Ltd now owns 33,400 shares of the company’s stock worth $321,000 after buying an additional 2,296 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other 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.