Positive News SentimentPositive NewsNASDAQ:KRT Karat Packaging (KRT) Stock Forecast, Price & News $15.90 -0.04 (-0.25%) (As of 01:32 PM ET) Add Compare Share Share Today's Range$15.85▼$16.0450-Day Range$12.75▼$15.9452-Week Range$12.50▼$19.98Volume10,419 shsAverage Volume22,891 shsMarket Capitalization$316.25 millionP/E Ratio12.14Dividend YieldN/APrice Target$23.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Karat Packaging MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside47.3% Upside$23.50 Price TargetShort InterestHealthy0.70% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth14.29%From $1.40 to $1.60 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.2.59 out of 5 starsIndustrial Products Sector79th out of 350 stocksPlastics Products, Not Elsewhere Classified Industry5th out of 20 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 1 buy rating, 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 47.3% from its current price of $15.95.Amount of Analyst CoverageKarat Packaging has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.70% 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 1.4, 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 10.25%, 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 3.1 News and Social Media Coverage News SentimentKarat Packaging has a news sentiment score of 1.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 1 news article for Karat Packaging this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for KRT on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat Follows1 people have added Karat Packaging to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Karat Packaging insiders have not sold or bought any 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 14.29% in the coming year, from $1.40 to $1.60 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Karat Packaging is 12.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.77.Price to Earnings Ratio vs. SectorThe P/E ratio of Karat Packaging is 12.18, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 14.50.Price to Book Value per Share RatioKarat Packaging has a P/B Ratio of 1.97. 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 HeadlinesMay 29, 2023 | finance.yahoo.comThe past year for Karat Packaging (NASDAQ:KRT) investors has not been profitableMay 16, 2023 | americanbankingnews.comQ2 2023 Earnings Forecast for Karat Packaging Inc. (NASDAQ:KRT) Issued By William BlairJune 1, 2023 | Edge On The Street (Ad)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.May 14, 2023 | americanbankingnews.comBrokers Set Expectations for Karat Packaging Inc.'s FY2023 Earnings (NASDAQ:KRT)May 13, 2023 | uk.finance.yahoo.comInsiders See US$1.2m Investment In Karat Packaging Jump Last WeekMay 13, 2023 | finance.yahoo.comInsiders See US$1.2m Investment In Karat Packaging Jump Last Week \May 11, 2023 | finance.yahoo.comQ1 2023 Karat Packaging Inc Earnings CallMay 10, 2023 | msn.comRecap: Karat Packaging Q1 EarningsJune 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey'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.May 10, 2023 | finance.yahoo.comKarat Packaging Reports 2023 First Quarter Financial ResultsMay 8, 2023 | americanbankingnews.comKarat Packaging (KRT) to Release Quarterly Earnings on WednesdayMay 1, 2023 | finance.yahoo.comKarat Packaging to Report 2023 First Quarter Financial Results and Host Conference Call on Wednesday, May 10, 2023April 18, 2023 | finance.yahoo.comAt US$13.19, Is Karat Packaging Inc. (NASDAQ:KRT) Worth Looking At Closely?March 21, 2023 | finance.yahoo.comKarat Packaging Announces Auditor ChangeMarch 20, 2023 | insidermonkey.comKarat Packaging Inc. (NASDAQ:KRT) Q4 2022 Earnings Call TranscriptMarch 17, 2023 | benzinga.comLooking Into Karat Packaging's Return On Capital EmployedMarch 17, 2023 | finance.yahoo.comQ4 2022 Karat Packaging Inc Earnings CallMarch 17, 2023 | finanznachrichten.deKarat Packaging Inc.: Karat Packaging Reports Fourth Quarter and Full Year 2022 Financial ResultsMarch 16, 2023 | finance.yahoo.comKarat Packaging Reports Fourth Quarter and Full Year 2022 Financial ResultsMarch 15, 2023 | benzinga.comPreview: Karat Packaging's EarningsMarch 9, 2023 | finance.yahoo.comKarat Packaging to Report 2022 Fourth Quarter and Full Year Financial Results and Host Conference Call on Thursday, March 16, 2023March 1, 2023 | finance.yahoo.comKarat Packaging (NASDAQ:KRT) Is Looking To Continue Growing Its Returns On CapitalFebruary 1, 2023 | seekingalpha.comKarat Packaging: New Eco-Friendly Materials Could Revolutionize FCF GenerationJanuary 24, 2023 | seekingalpha.comKRT Karat Packaging Inc.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)See More Headlines KRT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KRT Company Calendar Last Earnings3/16/2023Ex-Dividend for 5/31 Dividend5/22/2023Dividend Payable5/31/2023Today6/01/2023Next Earnings (Estimated)8/10/2023Fiscal 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+47.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$1.31 Trailing P/E Ratio12.18 Forward P/E Ratio11.39 P/E GrowthN/ANet Income$23.65 million Net Margins6.29% Pretax Margin8.20% Return on Equity17.81% Return on Assets10.82% Debt Debt-to-Equity Ratio0.31 Current Ratio3.20 Quick Ratio1.60 Sales & Book Value Annual Sales$422.96 million Price / Sales0.75 Cash Flow$2.04 per share Price / Cash Flow7.80 Book Value$8.11 per share Price / Book1.97Miscellaneous Outstanding Shares19,890,000Free Float5,648,000Market Cap$317.25 million OptionableNot Optionable Beta0.90 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 CompetitorsMyers IndustriesNYSE:MYEDanimer ScientificNYSE:DNMRSoundThinkingNASDAQ:SSTIDMC GlobalNASDAQ:BOOMInflection Point AcquisitionNASDAQ:IPAXView All CompetitorsInsiders & InstitutionsPutnam Investments LLCSold 86,282 shares on 5/22/2023Ownership: 1.592%Gratia Capital LLCBought 97,400 shares on 5/16/2023Ownership: 0.490%Ancora Advisors LLCBought 24,176 shares on 5/16/2023Ownership: 0.453%Punch & Associates Investment Management Inc.Bought 53,384 shares on 5/15/2023Ownership: 0.268%Deutsche Bank AGBought 1,815 shares on 5/15/2023Ownership: 0.019%View All Insider TransactionsView All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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