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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
AppLovin (APP): Losing its shareholders lovin'?
Snowflake’s bullish tailwind is turning into a gale-force wind
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
AppLovin (APP): Losing its shareholders lovin'?
Snowflake’s bullish tailwind is turning into a gale-force wind
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
AppLovin (APP): Losing its shareholders lovin'?
Snowflake’s bullish tailwind is turning into a gale-force wind

Karat Packaging Stock Price, News & Analysis (NASDAQ:KRT)

$21.90
-0.24 (-1.08%)
(As of 12/4/2023 ET)
Compare
Today's Range
$21.78
$22.37
50-Day Range
$18.83
$23.14
52-Week Range
$12.50
$26.69
Volume
60,954 shs
Average Volume
47,194 shs
Market Capitalization
$437.12 million
P/E Ratio
13.19
Dividend Yield
3.65%
Price Target
$26.67

Karat Packaging MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.8% Upside
$26.67 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$13.85 M Sold Last Quarter
Proj. Earnings Growth
-0.52%
From $1.93 to $1.92 Per Share

Overall MarketRank

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

2.30 out of 5 stars

Industrial Products Sector

55th out of 168 stocks

Plastics Products, Not Elsewhere Classified Industry

3rd out of 9 stocks


KRT stock logo

About Karat Packaging Stock (NASDAQ:KRT)

Karat Packaging Inc., together with its subsidiaries, 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 national 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.

KRT Stock Price History

KRT Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Q3 2023 Karat Packaging Inc Earnings Call
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Lollicup USA leases warehouse in Pierce County
Karat Packaging Appoints Jian Guo Board of Directors
See More Headlines
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Company Calendar

Last Earnings
11/09/2023
Ex-Dividend for 11/30 Dividend
11/17/2023
Dividend Payable
11/30/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/21/2024

Industry, Sector and Symbol

Industry
Plastics products, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:KRT
Fax
N/A
Employees
781
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.67
High Stock Price Target
$30.00
Low Stock Price Target
$24.00
Potential Upside/Downside
+21.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$23.65 million
Pretax Margin
10.66%

Debt

Sales & Book Value

Annual Sales
$422.96 million
Cash Flow
$1.99 per share
Book Value
$7.63 per share

Miscellaneous

Free Float
5,690,000
Market Cap
$437.12 million
Optionable
Not Optionable
Beta
0.94
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KRT Stock Analysis - Frequently Asked Questions

Should I buy or sell Karat Packaging stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Karat Packaging in the last year. There are currently 3 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 target for 2024?

3 brokers have issued 12 month target prices for Karat Packaging's shares. Their KRT share price targets range from $24.00 to $30.00. On average, they anticipate the company's stock price to reach $26.67 in the next year. This suggests a possible upside of 21.8% 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 shares have increased by 52.4% and is now trading at $21.90.
View the best growth stocks for 2023 here
.

Are investors shorting Karat Packaging?

Karat Packaging saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 80,900 shares, an increase of 48.7% from the October 31st total of 54,400 shares. Based on an average daily volume of 92,500 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.2% of the shares of the company 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 Thursday, March 21st 2024.
View our KRT earnings forecast
.

How were Karat Packaging's earnings last quarter?

Karat Packaging Inc. (NASDAQ:KRT) announced its earnings results on Thursday, November, 9th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.03. The company earned $105.53 million during the quarter, compared to the consensus estimate of $106.62 million. Karat Packaging had a trailing twelve-month return on equity of 23.57% and a net margin of 8.22%.

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

Karat Packaging declared a quarterly dividend on Tuesday, November 7th. Investors of record on Monday, November 20th will be paid a dividend of $0.20 per share on Thursday, November 30th. This represents a $0.80 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, November 17th.
Read our dividend analysis for KRT
.

Is Karat Packaging a good dividend stock?

Karat Packaging (NASDAQ:KRT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.61%. The dividend payout ratio is 48.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KRT will have a dividend payout ratio of 41.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KRT.

When did Karat Packaging IPO?

(KRT) raised $76 million in an IPO on Thursday, April 15th 2021. The company issued 4,000,000 shares at a price of $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 shareholders include Wellington Management Group LLP (2.87%), Ameriprise Financial Inc. (1.91%), American Century Companies Inc. (1.75%), Acadian Asset Management LLC (0.92%), Kornitzer Capital Management Inc. KS (0.85%) and UBS Group AG (0.47%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:KRT) was last updated on 12/5/2023 by MarketBeat.com Staff

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