Karat Packaging (NASDAQ:KRT) Cut to Market Perform at William Blair

William Blair lowered shares of Karat Packaging (NASDAQ:KRT) from an outperform rating to a market perform rating in a research note released on Thursday morning, MarketBeat reports. William Blair also issued estimates for Karat Packaging’s FY2026 earnings at $1.96 EPS.

Separately, Stifel Nicolaus lifted their price objective on Karat Packaging from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Karat Packaging Price Performance

Shares of NASDAQ:KRT opened at $30.24 on Thursday. The business has a fifty day moving average price of $30.00 and a 200-day moving average price of $27.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.12 and a quick ratio of 1.82. The company has a market capitalization of $605.53 million, a PE ratio of 21.60 and a beta of 1.08. Karat Packaging has a 1-year low of $22.51 and a 1-year high of $33.14.

Karat Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Wednesday, November 20th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.29%. This is an increase from Karat Packaging’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, November 20th. Karat Packaging’s payout ratio is presently 114.29%.

Institutional Investors Weigh In On Karat Packaging

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in shares of Karat Packaging by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 170,310 shares of the company’s stock valued at $5,038,000 after purchasing an additional 4,408 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Karat Packaging during the 2nd quarter valued at approximately $1,162,000. Rhumbline Advisers increased its stake in Karat Packaging by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 9,203 shares of the company’s stock worth $272,000 after acquiring an additional 387 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Karat Packaging by 8.2% during the 2nd quarter. Acadian Asset Management LLC now owns 283,278 shares of the company’s stock worth $8,375,000 after acquiring an additional 21,383 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of Karat Packaging during the 2nd quarter valued at approximately $2,359,000. Institutional investors own 25.20% of the company’s stock.

About Karat Packaging

Karat Packaging Inc, together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand.