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Karat Packaging (KRT) Stock Forecast, Price & News

$15.90
-0.04 (-0.25%)
(As of 01:32 PM ET)
Compare
Today's Range
$15.85
$16.04
50-Day Range
$12.75
$15.94
52-Week Range
$12.50
$19.98
Volume
10,419 shs
Average Volume
22,891 shs
Market Capitalization
$316.25 million
P/E Ratio
12.14
Dividend Yield
N/A
Price Target
$23.50

Karat Packaging MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
47.3% Upside
$23.50 Price Target
Short Interest
Healthy
0.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
14.29%
From $1.40 to $1.60 Per Share

Overall MarketRank

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

2.59 out of 5 stars

Industrial Products Sector

79th out of 350 stocks

Plastics Products, Not Elsewhere Classified Industry

5th out of 20 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

ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
Q1 2023 Karat Packaging Inc Earnings Call
Recap: Karat Packaging Q1 Earnings
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Karat Packaging Announces Auditor Change
Q4 2022 Karat Packaging Inc Earnings Call
Preview: Karat Packaging's Earnings
KRT Karat Packaging Inc.
Karat Packaging
See More Headlines

KRT Price History

KRT Company Calendar

Last Earnings
3/16/2023
Ex-Dividend for 5/31 Dividend
5/22/2023
Dividend Payable
5/31/2023
Today
6/01/2023
Next Earnings (Estimated)
8/10/2023
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
+47.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$23.65 million
Pretax Margin
8.20%

Debt

Sales & Book Value

Annual Sales
$422.96 million
Cash Flow
$2.04 per share
Book Value
$8.11 per share

Miscellaneous

Free Float
5,648,000
Market Cap
$317.25 million
Optionable
Not Optionable
Beta
0.90

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?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Karat Packaging in the last year. There are currently 1 buy rating 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 forecast for 2023?

1 Wall Street analysts have issued 12 month price targets for Karat Packaging's stock. Their KRT share price forecasts range from $22.00 to $25.00. On average, they predict the company's share price to reach $23.50 in the next year. This suggests a possible upside of 47.3% 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 11.0% and is now trading at $15.95.
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 Thursday, August 10th 2023.
View our KRT earnings forecast
.

How were Karat Packaging's earnings last quarter?

Karat Packaging Inc. (NASDAQ:KRT) announced its quarterly earnings results on Thursday, March, 16th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. The firm earned $92.67 million during the quarter, compared to analysts' expectations of $96.49 million. Karat Packaging had a net margin of 6.29% and a trailing twelve-month return on equity of 17.81%.

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

Karat Packaging declared a dividend on Monday, May 8th. Investors of record on Tuesday, May 23rd will be paid a dividend of $0.35 per share on Wednesday, May 31st. The ex-dividend date of this dividend is Monday, May 22nd.
Read our dividend analysis for KRT
.

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

Karat Packaging issued an update on its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $109.14 million-$109.14 million, compared to the consensus revenue estimate of $121.43 million.

When did Karat Packaging IPO?

(KRT) raised $76 million in an initial public offering (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.

What is Karat Packaging's stock symbol?

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

Who are Karat Packaging's major shareholders?

Karat Packaging's stock is owned by a number of institutional and retail investors. Top institutional investors include Wasatch Advisors LP (2.49%), Empirical Financial Services LLC d.b.a. Empirical Wealth Management (1.68%), BlackRock Inc. (1.60%), Putnam Investments LLC (1.59%), Wellington Management Group LLP (1.09%) and UBS Group AG (0.57%). Insiders that own company stock include Alan Yu, 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 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 $15.95.

How much money does Karat Packaging make?

Karat Packaging (NASDAQ:KRT) has a market capitalization of $317.25 million and generates $422.96 million in revenue each year. The company earns $23.65 million in net income (profit) each year or $1.31 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 6/1/2023 by MarketBeat.com Staff

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