Karat Packaging (KRT) Stock Forecast, Price & News

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.

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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our KRT earnings forecast.

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%.

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.

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.

(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.

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

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.
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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.
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One share of KRT stock can currently be purchased for approximately $15.95.

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.

The company employs 680 workers across the globe.

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.