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NASDAQ:KRT

Karat Packaging - KRT Stock Forecast, Price & News

$15.29
+0.09 (+0.59%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$15.14
$15.30
50-Day Range
$12.92
$15.74
52-Week Range
$12.50
$20.00
Volume
7,763 shs
Average Volume
9,903 shs
Market Capitalization
$304.42 million
P/E Ratio
12.23
Dividend Yield
N/A
Price Target
$23.50

Karat Packaging MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
53.7% Upside
$23.50 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$911,911 Bought Last Quarter
Proj. Earnings Growth
14.17%
From $1.27 to $1.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Industrial Products Sector

37th out of 175 stocks

Plastics Products, Not Elsewhere Classified Industry

4th out of 11 stocks

KRT stock logo

About Karat Packaging (NASDAQ:KRT) Stock

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

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KRT Stock News Headlines

KRT Karat Packaging Inc.
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Karat Packaging
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Earnings Outlook For Karat Packaging
See More Headlines
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KRT Company Calendar

Last Earnings
11/10/2022
Ex-Dividend for 11/30 Dividend
11/18/2022
Dividend Payable
11/30/2022
Today
2/06/2023
Next Earnings (Estimated)
3/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Plastics products, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:KRT
Fax
N/A
Employees
680
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.50
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+53.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$20.78 million
Pretax Margin
8.23%

Debt

Sales & Book Value

Annual Sales
$364.24 million
Cash Flow
$1.36 per share
Book Value
$6.70 per share

Miscellaneous

Free Float
5,654,000
Market Cap
$304.42 million
Optionable
Not Optionable
Beta
1.01

Key Executives

  • Mr. Alan Yu (Age 51)
    Chairman & CEO
    Comp: $250k
  • Ms. Joanne Wang (Age 49)
    COO & Director
    Comp: $224k
  • Mr. Marvin ChengMr. Marvin Cheng (Age 53)
    VP of Manufacturing & Sec.
    Comp: $240k
  • Ms. Jian Guo
    Chief Financial Officer
  • Daniel Quire
    Director of Sales













KRT Stock - Frequently Asked Questions

Should I buy or sell Karat Packaging stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Karat Packaging in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" KRT shares.
View KRT analyst ratings
or view top-rated stocks.

What is Karat Packaging's stock price forecast for 2023?

2 Wall Street analysts have issued twelve-month target prices for Karat Packaging's shares. Their KRT share price forecasts range from $22.00 to $25.00. On average, they predict the company's stock price to reach $23.50 in the next twelve months. This suggests a possible upside of 54.1% 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 2023?

Karat Packaging's stock was trading at $14.37 at the beginning of the year. Since then, KRT stock has increased by 6.1% and is now trading at $15.25.
View the best growth stocks for 2023 here
.

When is Karat Packaging's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023.
View our KRT earnings forecast
.

How were Karat Packaging's earnings last quarter?

Karat Packaging Inc. (NASDAQ:KRT) issued its earnings results on Thursday, November, 10th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by $0.03. The business had revenue of $110 million for the quarter, compared to analysts' expectations of $119.07 million. Karat Packaging had a trailing twelve-month return on equity of 17.24% and a net margin of 5.87%.

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

Karat Packaging declared a dividend on Thursday, November 17th. Shareholders of record on Monday, November 21st will be given a dividend of $0.35 per share on Wednesday, November 30th. This represents a yield of 2.63%. The ex-dividend date is Friday, November 18th.
Read our dividend analysis for KRT
.

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

Karat Packaging updated its fourth quarter 2022 earnings guidance on Saturday, December, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $95.00 million-$98.00 million, compared to the consensus revenue estimate of $107.46 million.

When did Karat Packaging IPO?

(KRT) raised $76 million in an initial public offering 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. ​ acted as the underwriters for the IPO.

What is Karat Packaging's stock symbol?

Karat Packaging trades on the NASDAQ under the ticker symbol "KRT."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Karat Packaging's stock price today?

One share of KRT stock can currently be purchased for approximately $15.25.

How much money does Karat Packaging make?

Karat Packaging (NASDAQ:KRT) has a market capitalization of $303.63 million and generates $364.24 million in revenue each year. The company earns $20.78 million in net income (profit) each year or $1.25 on an earnings per share basis.

How many employees does Karat Packaging have?

The company employs 680 workers across the globe.

How can I contact Karat Packaging?

The official website for the company is www.karatpackaging.com. The company can be reached via phone at 626-965-8882 or via email at ir@karatpackaging.com.

This page (NASDAQ:KRT) was last updated on 2/6/2023 by MarketBeat.com Staff