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

Karat Packaging (NASDAQ:KRT) was downgraded by equities research analysts at William Blair from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, MarketBeat.com 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 Stock Performance

Shares of KRT opened at $30.24 on Thursday. Karat Packaging has a 12 month low of $22.51 and a 12 month high of $33.14. The business’s fifty day simple moving average is $30.00 and its two-hundred day simple moving average is $27.97. The company has a current ratio of 3.12, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. The company has a market cap of $605.53 million, a price-to-earnings ratio of 21.60 and a beta of 1.08.

Institutional Trading of Karat Packaging

Large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Karat Packaging by 15.5% in the 3rd quarter. Geode Capital Management LLC now owns 178,645 shares of the company’s stock worth $4,626,000 after purchasing an additional 24,020 shares during the period. Barclays PLC increased its holdings in Karat Packaging by 12.5% during the third quarter. Barclays PLC now owns 71,153 shares of the company’s stock valued at $1,843,000 after buying an additional 7,911 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Karat Packaging by 52.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 54,333 shares of the company’s stock worth $1,407,000 after acquiring an additional 18,612 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Karat Packaging by 7.1% during the 3rd quarter. Janus Henderson Group PLC now owns 26,567 shares of the company’s stock worth $688,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Karat Packaging by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,720 shares of the company’s stock valued at $511,000 after acquiring an additional 1,053 shares during the period. Institutional investors own 25.20% of the company’s stock.

Karat Packaging Company Profile

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.