Karat Packaging Inc. (NASDAQ:KRT – Free Report) – Equities research analysts at William Blair reduced their FY2026 earnings per share (EPS) estimates for shares of Karat Packaging in a report issued on Thursday, January 2nd. William Blair analyst R. Merkel now forecasts that the company will earn $1.96 per share for the year, down from their prior forecast of $2.20. William Blair has a “Market Perform” rating on the stock. The consensus estimate for Karat Packaging’s current full-year earnings is $1.66 per share.
Separately, Stifel Nicolaus increased their target price on Karat Packaging from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.
Karat Packaging Price Performance
Shares of NASDAQ KRT opened at $30.24 on Friday. The company has a quick ratio of 1.82, a current ratio of 3.12 and a debt-to-equity ratio of 0.29. Karat Packaging has a fifty-two week low of $22.51 and a fifty-two week high of $33.14. The business has a 50 day moving average price of $30.00 and a two-hundred day moving average price of $27.97. The firm has a market cap of $605.53 million, a PE ratio of 21.60 and a beta of 1.08.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. US Bancorp DE bought a new stake in shares of Karat Packaging in the 3rd quarter worth approximately $30,000. Copeland Capital Management LLC bought a new stake in Karat Packaging in the third quarter valued at $49,000. Nisa Investment Advisors LLC boosted its holdings in shares of Karat Packaging by 497.7% during the third quarter. Nisa Investment Advisors LLC now owns 3,676 shares of the company’s stock valued at $95,000 after acquiring an additional 3,061 shares during the period. Rhumbline Advisers grew its position in shares of Karat Packaging by 4.4% during the second 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. Finally, Kings Path Partners LLC acquired a new position in shares of Karat Packaging during the third quarter worth approximately $401,000. 25.20% of the stock is currently owned by institutional investors.
Karat Packaging Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Wednesday, November 20th. This is an increase from Karat Packaging’s previous quarterly dividend of $0.35. Karat Packaging’s dividend payout ratio (DPR) is currently 114.29%.
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.
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