Karat Packaging Inc. $KRT Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in Karat Packaging Inc. (NASDAQ:KRT) by 52.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,942 shares of the company’s stock after selling 59,765 shares during the period. LSV Asset Management owned about 0.27% of Karat Packaging worth $1,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KRT. Copeland Capital Management LLC grew its holdings in Karat Packaging by 58.3% in the second quarter. Copeland Capital Management LLC now owns 2,083 shares of the company’s stock valued at $59,000 after purchasing an additional 767 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Karat Packaging in the 1st quarter worth about $219,000. DAVENPORT & Co LLC purchased a new stake in shares of Karat Packaging in the 2nd quarter worth about $259,000. Strs Ohio acquired a new stake in Karat Packaging in the 1st quarter valued at about $260,000. Finally, Hsbc Holdings PLC increased its holdings in Karat Packaging by 23.0% during the 1st quarter. Hsbc Holdings PLC now owns 9,732 shares of the company’s stock valued at $263,000 after acquiring an additional 1,823 shares in the last quarter. 25.20% of the stock is owned by institutional investors and hedge funds.

Karat Packaging Price Performance

KRT stock opened at $21.12 on Friday. The stock has a market capitalization of $424.51 million, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 2.14 and a debt-to-equity ratio of 0.14. Karat Packaging Inc. has a 52-week low of $20.61 and a 52-week high of $33.89. The stock’s fifty day simple moving average is $23.79 and its 200-day simple moving average is $26.45.

Karat Packaging (NASDAQ:KRT) last released its earnings results on Thursday, November 6th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Karat Packaging had a return on equity of 18.98% and a net margin of 6.67%.The firm had revenue of $124.52 million during the quarter, compared to analyst estimates of $124.09 million. Karat Packaging has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that Karat Packaging Inc. will post 1.66 EPS for the current year.

Karat Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Friday, November 21st. Karat Packaging’s dividend payout ratio is presently 120.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Karat Packaging from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings cut shares of Karat Packaging from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Zacks Research downgraded Karat Packaging from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, Bank of America cut Karat Packaging from a “buy” rating to an “underperform” rating and lowered their target price for the company from $27.00 to $22.00 in a report on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $29.67.

Karat Packaging 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.