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Karat Packaging Inc. (NASDAQ:KRT - Get Rating) - Investment analysts at William Blair decreased their FY2022 earnings per share (EPS) estimates for shares of Karat Packaging in a report issued on Thursday, August 11th. William Blair analyst R. Merkel now expects that the company will post earnings per share of $1.50 for the year, down from their previous forecast of $1.68. The consensus estimate for Karat Packaging's current full-year earnings is $1.40 per share. Karat Packaging Stock Performance

Karat Packaging stock opened at $18.77 on Monday. The business's 50-day moving average price is $18.38 and its two-hundred day moving average price is $18.02. Karat Packaging has a 12-month low of $14.70 and a 12-month high of $25.89. The stock has a market cap of $371.81 million, a PE ratio of 16.61 and a beta of 1.51. The company has a quick ratio of 1.41, a current ratio of 3.35 and a debt-to-equity ratio of 0.37.

Karat Packaging (NASDAQ:KRT - Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.07. Karat Packaging had a return on equity of 16.93% and a net margin of 5.41%. The company had revenue of $105.41 million for the quarter, compared to analysts' expectations of $101.43 million. Insider Activity

In other news, Director Eve Yen sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $19.85, for a total transaction of $79,400.00. Following the completion of the sale, the director now owns 1,000 shares in the company, valued at $19,850. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 71.60% of the company's stock. Institutional Trading of Karat Packaging

A number of institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. bought a new position in Karat Packaging in the 1st quarter worth about $215,000. Crossmark Global Holdings Inc. bought a new position in Karat Packaging in the 1st quarter worth about $334,000. Bank of New York Mellon Corp increased its stake in Karat Packaging by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 23,696 shares of the company's stock worth $470,000 after acquiring an additional 1,411 shares during the last quarter. Blair William & Co. IL increased its stake in Karat Packaging by 11.1% in the 1st quarter. Blair William & Co. IL now owns 29,122 shares of the company's stock worth $578,000 after acquiring an additional 2,904 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Karat Packaging by 17.0% during the 2nd quarter. Northern Trust Corp now owns 45,102 shares of the company's stock valued at $770,000 after purchasing an additional 6,541 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company's stock. About Karat Packaging (Get Rating)

Karat Packaging Inc manufactures and distributes 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.See AlsoGet a free copy of the StockNews.com research report on Karat Packaging (KRT)Here is a Simple 4 Stock Portfolio that Can Outperform the MarketIs AMC Entertainment Pulling a Fast One on the APEs?Here’s How the Inflation Reduction Act Energizes Power Stock2 Important Retail Stock Battles to WatchMarketBeat: Week in Review 8/8 - 8/12

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