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

Karat Packaging (NASDAQ:KRT) was downgraded by stock analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued on Thursday, Marketbeat Ratings reports. William Blair also issued estimates for Karat Packaging’s FY2026 earnings at $1.96 EPS.

Separately, Stifel Nicolaus raised their target price on shares of 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 Price Performance

Shares of Karat Packaging stock opened at $30.24 on Thursday. The company has a market cap of $605.53 million, a PE ratio of 21.60 and a beta of 1.08. The business has a 50 day moving average of $30.00 and a 200 day moving average of $27.97. Karat Packaging has a 52 week low of $22.51 and a 52 week high of $33.14. The company has a quick ratio of 1.82, a current ratio of 3.12 and a debt-to-equity ratio of 0.29.

Institutional Trading of Karat Packaging

A number of hedge funds have recently modified their holdings of KRT. US Bancorp DE purchased 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 worth $49,000. Nisa Investment Advisors LLC grew its stake in shares of Karat Packaging by 497.7% in the third quarter. Nisa Investment Advisors LLC now owns 3,676 shares of the company’s stock worth $95,000 after acquiring an additional 3,061 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Karat Packaging by 4.4% during the second quarter. Rhumbline Advisers now owns 9,203 shares of the company’s stock valued at $272,000 after acquiring an additional 387 shares in the last quarter. Finally, Kings Path Partners LLC purchased a new position in shares of Karat Packaging in the 3rd quarter worth about $401,000. 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.