BTIG Research Reaffirms “Buy” Rating for Nomad Foods (NYSE:NOMD)

Nomad Foods (NYSE:NOMD)‘s stock had its “buy” rating reissued by stock analysts at BTIG Research in a research report issued on Friday,Benzinga reports. They presently have a $15.00 price objective on the stock. BTIG Research’s target price would suggest a potential upside of 24.73% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 price target on shares of Nomad Foods in a research report on Tuesday, July 21st. Barclays raised their price target on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Finally, Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Nomad Foods Trading Up 5.5%

Shares of NOMD stock opened at $12.03 on Friday. Nomad Foods has a 1 year low of $8.99 and a 1 year high of $15.91. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 11.68 and a beta of 0.69. The firm has a fifty day moving average price of $11.24 and a 200-day moving average price of $10.83. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 0.66.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $825.94 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, equities analysts predict that Nomad Foods will post 1.75 earnings per share for the current year.

Institutional Trading of Nomad Foods

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Nomad Foods by 9.2% during the first quarter. Royal Bank of Canada now owns 143,968 shares of the company’s stock worth $2,829,000 after purchasing an additional 12,131 shares during the period. Millennium Management LLC raised its position in Nomad Foods by 81.3% during the 1st quarter. Millennium Management LLC now owns 656,686 shares of the company’s stock worth $12,904,000 after buying an additional 294,386 shares during the last quarter. Jane Street Group LLC lifted its stake in Nomad Foods by 50.2% during the 1st quarter. Jane Street Group LLC now owns 75,847 shares of the company’s stock valued at $1,490,000 after acquiring an additional 25,358 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Nomad Foods in the 2nd quarter valued at $221,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Nomad Foods by 427.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 105,871 shares of the company’s stock valued at $1,799,000 after acquiring an additional 85,793 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods News Summary

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.

Nomad Foods Company Profile

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.