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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
New York lawmakers pass $237 billion budget with policies to jump-start housing market

Karat Packaging (KRT) Stock Price, News & Analysis

$26.83
+0.36 (+1.36%)
(As of 04/19/2024 ET)
Today's Range
$26.28
$26.83
50-Day Range
$25.93
$30.10
52-Week Range
$13.43
$30.94
Volume
30,302 shs
Average Volume
38,698 shs
Market Capitalization
$535.80 million
P/E Ratio
16.56
Dividend Yield
4.47%
Price Target
$30.33

Karat Packaging MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.1% Upside
$30.33 Price Target
Short Interest
Healthy
1.69% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
7.81%
From $1.92 to $2.07 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.68 out of 5 stars

Consumer Cyclical Sector

10th out of 24 stocks

Packaging & Containers Industry

2nd out of 2 stocks

KRT stock logo

About Karat Packaging Stock (NASDAQ:KRT)

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. The company also provides new product development, design, printing, and logistics services. It offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. The company was founded in 2000 and is based in Chino, California.

KRT Stock Price History

KRT Stock News Headlines

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SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Karat Packaging: Q4 Earnings Insights
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Karat Packaging Inc KRT
Karat Packaging Inc (KRT)
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Company Calendar

Ex-Dividend for 2/29 Dividend
2/20/2024
Dividend Payable
2/29/2024
Last Earnings
3/14/2024
Today
4/20/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Packaging & Containers
Sub-Industry
N/A
Current Symbol
NASDAQ:KRT
Fax
N/A
Employees
778
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.33
High Stock Price Target
$33.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+13.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$32.47 million
Pretax Margin
10.60%

Debt

Sales & Book Value

Annual Sales
$405.65 million
Cash Flow
$2.62 per share
Book Value
$8.15 per share

Miscellaneous

Free Float
5,692,000
Market Cap
$535.80 million
Optionable
Not Optionable
Beta
1.05
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KRT Stock Analysis - Frequently Asked Questions

Should I buy or sell Karat Packaging stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Karat Packaging in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KRT shares.
View KRT analyst ratings
or view top-rated stocks.

What is Karat Packaging's stock price target for 2024?

3 analysts have issued 12-month target prices for Karat Packaging's shares. Their KRT share price targets range from $26.00 to $33.00. On average, they predict the company's stock price to reach $30.33 in the next year. This suggests a possible upside of 13.1% from the stock's current price.
View analysts price targets for KRT
or view top-rated stocks among Wall Street analysts.

How have KRT shares performed in 2024?

Karat Packaging's stock was trading at $24.85 at the start of the year. Since then, KRT shares have increased by 8.0% and is now trading at $26.83.
View the best growth stocks for 2024 here
.

Are investors shorting Karat Packaging?

Karat Packaging saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 116,000 shares, an increase of 13.0% from the March 15th total of 102,700 shares. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.7% of the shares of the stock are short sold.
View Karat Packaging's Short Interest
.

When is Karat Packaging's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our KRT earnings forecast
.

How were Karat Packaging's earnings last quarter?

Karat Packaging Inc. (NASDAQ:KRT) issued its earnings results on Thursday, March, 14th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.16. The business had revenue of $95.58 million for the quarter, compared to analysts' expectations of $95.51 million. Karat Packaging had a trailing twelve-month return on equity of 22.54% and a net margin of 8.00%.

How often does Karat Packaging pay dividends? What is the dividend yield for Karat Packaging?

Karat Packaging announced a quarterly dividend on Wednesday, February 7th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.30 per share on Thursday, February 29th. This represents a $1.20 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a boost from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for KRT
.

Is Karat Packaging a good dividend stock?

Karat Packaging (NASDAQ:KRT) pays an annual dividend of $1.20 per share and currently has a dividend yield of 4.53%. KRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 74.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KRT will have a dividend payout ratio of 57.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KRT.

What guidance has Karat Packaging issued on next quarter's earnings?

Karat Packaging issued an update on its FY 2024 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $438.1 million-$466.5 million, compared to the consensus revenue estimate of $429.8 million.

When did Karat Packaging IPO?

Karat Packaging (KRT) raised $76 million in an IPO on Thursday, April 15th 2021. The company issued 4,000,000 shares at $18.00-$20.00 per share. Stifel, William Blair, Truist Securities, National Securities Corp. and D.A. Davidson & Co. ​ served as the underwriters for the IPO.

Who are Karat Packaging's major shareholders?

Karat Packaging's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wasatch Advisors LP (1.63%), Los Angeles Capital Management LLC (0.44%) and Denali Advisors LLC (0.13%). Insiders that own company stock include Alan Yu, Daniel Quire, Eve Yen, Jian Guo, Joanne Tzu Jung Wang and Marvin Cheng.
View institutional ownership trends
.

How do I buy shares of Karat Packaging?

Shares of KRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:KRT) was last updated on 4/21/2024 by MarketBeat.com Staff

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