NASDAQ:KRT Karat Packaging - KRT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Karat Packaging Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $15.29 +0.09 (+0.59%) (As of 02/6/2023 12:00 AM ET) Add Compare Share Share Today's Range$15.14▼$15.3050-Day Range$12.92▼$15.7452-Week Range$12.50▼$20.00Volume7,763 shsAverage Volume9,903 shsMarket Capitalization$304.42 millionP/E Ratio12.23Dividend YieldN/APrice Target$23.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Karat Packaging MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside53.7% Upside$23.50 Price TargetShort InterestHealthy1.10% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$911,911 Bought Last QuarterProj. Earnings Growth14.17%From $1.27 to $1.45 Per ShareSee Full Details Hide Full Details 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 starsIndustrial Products Sector37th out of 175 stocksPlastics Products, Not Elsewhere Classified Industry4th out of 11 stocks 3.5 Analyst's Opinion Consensus RatingKarat Packaging has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.50, Karat Packaging has a forecasted upside of 53.7% from its current price of $15.29.Amount of Analyst CoverageKarat Packaging has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.10% of the float of Karat Packaging has been sold short.Short Interest Ratio / Days to CoverKarat Packaging has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Karat Packaging has recently increased by 6.98%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldKarat Packaging does not currently pay a dividend.Dividend GrowthKarat Packaging does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KRT. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Karat Packaging this week, compared to 1 article on an average week.Search InterestOnly 2 people have searched for KRT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Karat Packaging to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Karat Packaging insiders have bought more of their company's stock than they have sold. Specifically, they have bought $911,911.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders71.60% of the stock of Karat Packaging is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 21.28% of the stock of Karat Packaging is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Karat Packaging are expected to grow by 14.17% in the coming year, from $1.27 to $1.45 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Karat Packaging is 12.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.69.Price to Earnings Ratio vs. SectorThe P/E ratio of Karat Packaging is 12.23, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.76.Price to Book Value per Share RatioKarat Packaging has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Karat Packaging (NASDAQ:KRT) StockKarat 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.Read More Receive KRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Karat Packaging and its competitors with MarketBeat's FREE daily newsletter. Email Address KRT Stock News HeadlinesFebruary 1, 2023 | seekingalpha.comKarat Packaging: New Eco-Friendly Materials Could Revolutionize FCF GenerationJanuary 24, 2023 | seekingalpha.comKRT Karat Packaging Inc.February 6, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 6, 2023 | finance.yahoo.comIs Weakness In Karat Packaging Inc. (NASDAQ:KRT) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?December 23, 2022 | forbes.comKarat PackagingDecember 4, 2022 | finance.yahoo.comChairman & CEO Alan Yu Just Bought A Handful Of Shares In Karat Packaging Inc. (NASDAQ:KRT)December 4, 2022 | finance.yahoo.comBullish Karat Packaging Inc. (NASDAQ:KRT) insiders filled their treasuries with US$805k worth of stock over last yearNovember 13, 2022 | seekingalpha.comKarat Packaging Inc. (KRT) CEO Alan Yu on Q3 2022 Results - Earnings Call TranscriptFebruary 6, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...November 12, 2022 | finance.yahoo.comKarat Packaging Third Quarter 2022 Earnings: EPS: US$0.31 (vs US$0.19 in 3Q 2021)November 11, 2022 | finanznachrichten.deKarat Packaging Inc.: Karat Packaging Reports 2022 Third Quarter Financial ResultsNovember 10, 2022 | finance.yahoo.comKarat Packaging Reports 2022 Third Quarter Financial ResultsNovember 9, 2022 | benzinga.comEarnings Outlook For Karat PackagingNovember 9, 2022 | finance.yahoo.comKarat Packaging Declares Special Dividend of $0.35 Per ShareOctober 27, 2022 | finance.yahoo.comKarat Packaging to Report 2022 Third Quarter Financial Results and Host Conference Call on Thursday, November 10, 2022September 22, 2022 | finance.yahoo.comInvestors Met With Slowing Returns on Capital At Karat Packaging (NASDAQ:KRT)September 18, 2022 | nasdaq.comHave Insiders Sold Karat Packaging Inc. (NASDAQ:KRT) Shares Recently?September 7, 2022 | msn.comKarat Packaging Earnings Perspective: Return On Capital EmployedAugust 19, 2022 | nasdaq.comKarat Packaging Inc.'s (NASDAQ:KRT) Stock Been Rising: Are Strong Financials Guiding The Market?August 12, 2022 | seekingalpha.comKarat Packaging Inc. (KRT) CEO Alan Yu on Q2 2022 Results - Earnings Call TranscriptAugust 12, 2022 | finance.yahoo.comKarat Packaging Inc. (KRT) Q2 2022 Earnings Call TranscriptAugust 11, 2022 | finance.yahoo.comKarat Packaging Reports 2022 Second Quarter Financial ResultsJuly 28, 2022 | finance.yahoo.comKarat Packaging to Report 2022 Second Quarter Financial Results and Host Conference Call on Thursday, August 11, 2022July 26, 2022 | finance.yahoo.comKarat Packaging Inc.'s (NASDAQ:KRT) Stock Is Going Strong: Is the Market Following Fundamentals?July 20, 2022 | nasdaq.comShareholders in Karat Packaging (NASDAQ:KRT) are in the red if they invested a year agoJuly 3, 2022 | finance.yahoo.comInvestors in Karat Packaging (NASDAQ:KRT) have unfortunately lost 16% over the last yearJune 9, 2022 | finance.yahoo.comAn Intrinsic Calculation For Karat Packaging Inc. (NASDAQ:KRT) Suggests It's 44% UndervaluedSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive KRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Karat Packaging and its competitors with MarketBeat's FREE daily newsletter. Email Address KRT Company Calendar Last Earnings11/10/2022Ex-Dividend for 11/30 Dividend11/18/2022Dividend Payable11/30/2022Today2/06/2023Next Earnings (Estimated)3/22/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Plastics products, not elsewhere classified Sub-IndustryN/A SectorIndustrial Products Current SymbolNASDAQ:KRT CUSIPN/A CIK1758021 Webwww.karatpackaging.com Phone626-965-8882FaxN/AEmployees680Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.25 Trailing P/E Ratio12.23 Forward P/E Ratio12.04 P/E GrowthN/ANet Income$20.78 million Net Margins5.87% Pretax Margin8.23% Return on Equity17.24% Return on Assets10.59% Debt Debt-to-Equity Ratio0.27 Current Ratio3.58 Quick Ratio1.48 Sales & Book Value Annual Sales$364.24 million Price / Sales0.84 Cash Flow$1.36 per share Price / Cash Flow11.26 Book Value$6.70 per share Price / Book2.28Miscellaneous Outstanding Shares19,910,000Free Float5,654,000Market Cap$304.42 million OptionableNot Optionable Beta1.01 Key ExecutivesMr. Alan Yu (Age 51)Chairman & CEO Comp: $250kMs. Joanne Wang (Age 49)COO & Director Comp: $224kMr. Marvin Cheng (Age 53)VP of Manufacturing & Sec. Comp: $240kMs. Jian GuoChief Financial OfficerDaniel QuireDirector of SalesKey CompetitorsCore Molding TechnologiesNYSE:CMTMyers IndustriesNYSE:MYEMarkforgedNYSE:MKFGDanimer ScientificNYSE:DNMRQuad/GraphicsNYSE:QUADView All CompetitorsInsiders & InstitutionsMarvin ChengBought 1,000 shares on 12/16/2022Total: $13,440.00 ($13.44/share)Alan YuBought 4,500 shares on 12/15/2022Total: $61,650.00 ($13.70/share)Alan YuBought 4,000 shares on 12/13/2022Total: $55,360.00 ($13.84/share)Alan YuBought 7,000 shares on 12/9/2022Total: $97,650.00 ($13.95/share)Bank of New York Mellon CorpBought 3,899 shares on 12/8/2022Ownership: 0.135%View All Insider TransactionsView All Institutional Transactions 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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