Nomad Foods' (NOMD) "Buy" Rating Reaffirmed at BTIG Research

Key Points

• BTIG Research reaffirmed its “Buy” rating on Nomad Foods and maintained a $15 price target, implying approximately 24.7% upside from the stock’s $12.03 opening price.
• Nomad Foods exceeded quarterly expectations, reporting $0.45 in EPS versus the $0.37 consensus and revenue of $825.94 million versus $822.17 million. However, revenue declined 3.1% year over year and volumes fell, while adjusted EBITDA decreased 4.3%.
• Analyst sentiment remains moderately positive, with three Buy and three Hold ratings and an average target price of $13.25; institutional investors own approximately 75.3% of the company.

Nomad Foods (NYSE:NOMD - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at BTIG Research in a note issued to investors on Friday,Benzinga reports. They presently have a $15.00 target price on the stock. BTIG Research's target price points to a potential upside of 24.73% from the stock's current price.

NOMD has been the topic of several other reports. Weiss Ratings upgraded shares of Nomad Foods from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 2nd. Zacks Research raised shares of Nomad Foods from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $11.00 price objective on shares of Nomad Foods in a research note on Tuesday, July 21st. Finally, Barclays upped their target price on Nomad Foods from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $13.25.

Nomad Foods Trading Up 5.5%

NYSE:NOMD opened at $12.03 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91. The firm's 50 day moving average is $11.24 and its 200 day moving average is $10.83. Nomad Foods has a 12 month low of $8.99 and a 12 month high of $15.91. The stock has a market capitalization of $1.68 billion, a PE ratio of 11.68 and a beta of 0.69.

Nomad Foods (NYSE:NOMD - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.37 by $0.08. The business had revenue of $825.94 million for the quarter, compared to the consensus estimate of $822.17 million. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The company's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. Sell-side analysts expect that Nomad Foods will post 1.75 earnings per share for the current year.

Hedge Funds Weigh In On Nomad Foods

Several institutional investors and hedge funds have recently bought and sold shares of NOMD. Tidal Investments LLC boosted its position in Nomad Foods by 1.9% during the 2nd quarter. Tidal Investments LLC now owns 38,037 shares of the company's stock valued at $646,000 after buying an additional 726 shares during the period. California Public Employees Retirement System boosted its stake in shares of Nomad Foods by 0.4% during the 2nd quarter. California Public Employees Retirement System now owns 268,627 shares of the company's stock valued at $4,564,000 after purchasing an additional 1,044 shares in the last quarter. Entropy Technologies LP lifted its holdings in Nomad Foods by 1.7% in the first quarter. Entropy Technologies LP now owns 71,479 shares of the company's stock worth $687,000 after buying an additional 1,188 shares during the period. Osaic Holdings Inc. raised its position in shares of Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company's stock worth $45,000 after acquiring an additional 1,240 shares in the last quarter. Finally, WealthCollab LLC boosted its position in shares of Nomad Foods by 242.0% during the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company's stock valued at $26,000 after purchasing an additional 1,452 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.

Key Stories Impacting Nomad Foods

Here are the key news stories impacting Nomad Foods this week:

• Positive Sentiment: Earnings and revenue exceeded expectations: Nomad Foods reported adjusted EPS of $0.45, ahead of the $0.37 consensus estimate, while revenue of $825.94 million modestly surpassed expectations of $822.17 million. EPS was also above the prior-year result of $0.40. Nomad Foods Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability trends improved: Management said pricing and productivity drove a positive gross-margin inflection. Reported gross margin expanded 130 basis points, while adjusted gross margin increased 110 basis points. Adjusted free-cash-flow conversion also improved year over year. Nomad Foods Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Full-year outlook remains broadly aligned with expectations: Nomad Foods set fiscal 2026 EPS guidance at $1.604 to $1.779, compared with analyst consensus of $1.750. The range provides limited upside to estimates but keeps the midpoint near expectations.
• Negative Sentiment: Revenue and volumes declined: Second-quarter reported revenue fell 3.1% to €724 million, with organic revenue down 2.9%. Volume declined 5.9%, only partly offset by a 3.0% positive price-mix contribution, suggesting consumers or retailers remain cautious. Nomad Foods Q2 Earnings Snapshot
• Negative Sentiment: Underlying earnings weakened: Adjusted EBITDA declined 4.3% to €124 million, adjusted EPS fell 2.5% to €0.39, and reported profit decreased 15% to €49 million. These results indicate that pricing and cost savings have not fully offset lower volumes.

About Nomad Foods

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company's portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella's and Aunt Bessie's, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe's largest frozen foods platform.

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