Karat Packaging Q1 EPS Estimate Reduced by William Blair

Karat Packaging Inc. (NASDAQ:KRT - Free Report) - Stock analysts at William Blair decreased their Q1 2025 EPS estimates for Karat Packaging in a research report issued to clients and investors on Thursday, January 2nd. William Blair analyst R. Merkel now expects that the company will earn $0.42 per share for the quarter, down from their previous forecast of $0.45. William Blair currently has a "Market Perform" rating on the stock. The consensus estimate for Karat Packaging's current full-year earnings is $1.66 per share. William Blair also issued estimates for Karat Packaging's Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.80 EPS.

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

Karat Packaging Stock Down 1.7 %

NASDAQ KRT traded down $0.50 on Monday, reaching $29.74. The company had a trading volume of 43,512 shares, compared to its average volume of 36,104. The company's fifty day moving average is $30.00 and its 200-day moving average is $27.96. Karat Packaging has a 1-year low of $22.51 and a 1-year high of $33.14. The firm has a market capitalization of $595.51 million, a price-to-earnings ratio of 21.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.82 and a current ratio of 3.12.

Karat Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Wednesday, November 20th were issued a dividend of $0.40 per share. This is a boost from Karat Packaging's previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, November 20th. This represents a $1.60 annualized dividend and a yield of 5.38%. Karat Packaging's dividend payout ratio is presently 114.29%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of Karat Packaging by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 170,310 shares of the company's stock worth $5,038,000 after purchasing an additional 4,408 shares during the last quarter. Rhumbline Advisers increased its holdings in 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 buying an additional 387 shares during the last quarter. Acadian Asset Management LLC raised its position in Karat Packaging by 8.2% during the second 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. LSV Asset Management acquired a new stake in Karat Packaging in the second quarter valued at $2,359,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Karat Packaging by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 121,473 shares of the company's stock valued at $3,592,000 after acquiring an additional 3,397 shares during the period. 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.