NASDAQ:KRT

Karat Packaging (KRT) Stock Price, News & Analysis

$27.19
+0.85 (+3.23%)
(As of 01:10 PM ET)
Today's Range
$26.50
$27.19
50-Day Range
$25.93
$30.10
52-Week Range
$13.43
$30.94
Volume
7,773 shs
Average Volume
48,776 shs
Market Capitalization
$542.98 million
P/E Ratio
16.78
Dividend Yield
4.41%
Price Target
$30.33

Karat Packaging MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.4% Upside
$30.33 Price Target
Short Interest
Healthy
1.69% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of Karat Packaging in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.81%
From $1.92 to $2.07 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.71 out of 5 stars

Industrial Products Sector

77th out of 166 stocks

Plastics Products, Not Elsewhere Classified Industry

7th out of 10 stocks

KRT stock logo

About Karat Packaging Stock (NASDAQ:KRT)

Karat Packaging Inc., together with its subsidiaries, engages in the manufacture and distribution of 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 also provides new product development, design, printing, and logistics services. It offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. The company was founded in 2000 and is based in Chino, California.

KRT Stock Price History

KRT Stock News Headlines

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Company Calendar

Ex-Dividend for 2/29 Dividend
2/20/2024
Dividend Payable
2/29/2024
Last Earnings
3/14/2024
Today
4/23/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Plastics products, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:KRT
Fax
N/A
Employees
778
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.33
High Stock Price Target
$33.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+15.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$32.47 million
Pretax Margin
10.60%

Debt

Sales & Book Value

Annual Sales
$405.65 million
Cash Flow
$2.53 per share
Book Value
$8.15 per share

Miscellaneous

Free Float
5,692,000
Market Cap
$526.01 million
Optionable
Not Optionable
Beta
1.05
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KRT Stock Analysis - Frequently Asked Questions

Should I buy or sell Karat Packaging stock right now?

3 Wall Street equities research 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 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 target for 2024?

3 analysts have issued 12 month price targets for Karat Packaging's stock. Their KRT share price targets range from $26.00 to $33.00. On average, they anticipate the company's stock price to reach $30.33 in the next twelve months. This suggests a possible upside of 12.4% 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 2024?

Karat Packaging's stock was trading at $24.85 at the beginning of 2024. Since then, KRT shares have increased by 8.6% and is now trading at $26.98.
View the best growth stocks for 2024 here
.

Are investors shorting Karat Packaging?

Karat Packaging saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 116,000 shares, an increase of 13.0% from the March 15th total of 102,700 shares. Based on an average daily volume of 50,400 shares, the short-interest ratio is presently 2.3 days. Approximately 1.7% of the company's shares 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 Wednesday, May 8th 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, March, 14th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.16. The business earned $95.58 million during the quarter, compared to analyst estimates of $95.51 million. Karat Packaging had a net margin of 8.00% and a trailing twelve-month return on equity of 22.54%.

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

Karat Packaging announced a quarterly dividend on Wednesday, February 7th. Investors of record on Wednesday, February 21st will be given a dividend of $0.30 per share on Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for KRT
.

Is Karat Packaging a good dividend stock?

Karat Packaging (NASDAQ:KRT) pays an annual dividend of $1.20 per share and currently has a dividend yield of 4.47%. KRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 74.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KRT will have a dividend payout ratio of 57.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KRT.

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

Karat Packaging issued an update on its FY 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $438.1 million-$466.5 million, compared to the consensus revenue estimate of $429.8 million.

When did Karat Packaging IPO?

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

Who are Karat Packaging's major shareholders?

Karat Packaging's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wasatch Advisors LP (1.63%), Los Angeles Capital Management LLC (0.44%) and Denali Advisors LLC (0.13%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:KRT) was last updated on 4/23/2024 by MarketBeat.com Staff

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