Karat Packaging Stock Price, News & Analysis (NASDAQ:KRT) $21.90 -0.24 (-1.08%) (As of 12/4/2023 ET) Add Compare Share Share Today's Range$21.78▼$22.3750-Day Range$18.83▼$23.1452-Week Range$12.50▼$26.69Volume60,954 shsAverage Volume47,194 shsMarket Capitalization$437.12 millionP/E Ratio13.19Dividend Yield3.65%Price Target$26.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Karat Packaging MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside21.8% Upside$26.67 Price TargetShort InterestHealthy1.18% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$13.85 M Sold Last QuarterProj. Earnings Growth-0.52%From $1.93 to $1.92 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.2.30 out of 5 starsIndustrial Products Sector55th out of 168 stocksPlastics Products, Not Elsewhere Classified Industry3rd out of 9 stocks 2.5 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 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $26.67, Karat Packaging has a forecasted upside of 21.8% from its current price of $21.90.Amount of Analyst CoverageKarat Packaging has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.18% 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 0.9, 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 48.71%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipKarat Packaging is a leading dividend payer. It pays a dividend yield of 3.61%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthKarat Packaging does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Karat Packaging is 48.19%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Karat Packaging will have a dividend payout ratio of 41.67% next year. This indicates that Karat Packaging will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KRT. Previous Next 1.9 News and Social Media Coverage News SentimentKarat Packaging has a news sentiment score of 0.43. 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 news sentiment score is similar to the average news sentiment 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 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 Follows6 people have added Karat Packaging to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Karat Packaging insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,851,792.00 in company stock.Percentage Held by Insiders71.50% 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 21.11% of the stock of Karat Packaging is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Karat Packaging are expected to decrease by -0.52% in the coming year, from $1.93 to $1.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Karat Packaging is 13.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.38.Price to Earnings Ratio vs. SectorThe P/E ratio of Karat Packaging is 13.19, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.56.Price to Book Value per Share RatioKarat Packaging has a P/B Ratio of 2.87. 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 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.Read More KRT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KRT Stock News HeadlinesNovember 26, 2023 | finance.yahoo.comWill Weakness in Karat Packaging Inc.'s (NASDAQ:KRT) Stock Prove Temporary Given Strong Fundamentals?November 12, 2023 | finance.yahoo.comKarat Packaging Inc. (NASDAQ:KRT) Q3 2023 Earnings Call TranscriptDecember 5, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll 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.November 12, 2023 | benzinga.comKarat Packaging Stock (NASDAQ:KRT), Analyst Ratings, Price Targets, PredictionsNovember 12, 2023 | finance.yahoo.comIs It Smart To Buy Karat Packaging Inc. (NASDAQ:KRT) Before It Goes Ex-Dividend?November 10, 2023 | finanznachrichten.deKarat Packaging Inc.: Karat Packaging Reports 2023 Third Quarter Financial ResultsNovember 10, 2023 | finance.yahoo.comQ3 2023 Karat Packaging Inc Earnings CallNovember 9, 2023 | finance.yahoo.comKarat Packaging Reports 2023 Third Quarter Financial ResultsDecember 5, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll 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.November 8, 2023 | bizjournals.comLollicup USA leases warehouse in Pierce CountyNovember 7, 2023 | finance.yahoo.comKarat Packaging (KRT) to Report Q3 Earnings: What's in the Cards?November 7, 2023 | finance.yahoo.comKarat Packaging Board Declares Increase in Quarterly Cash DividendOctober 26, 2023 | finance.yahoo.comKarat Packaging to Report 2023 Third Quarter Financial Results and Host Conference Call on Thursday, November 9, 2023October 25, 2023 | msn.comKarat Packaging: A Buy If The Growth Story ContinuesOctober 20, 2023 | finance.yahoo.comInsider Sell: COO Wang Joanne Tzu Jung Sells 8,645 Shares of Karat Packaging IncOctober 4, 2023 | finance.yahoo.comIs Karat Packaging Inc. (NASDAQ:KRT) Potentially Undervalued?October 2, 2023 | finance.yahoo.comZacks.com featured highlights Arcos Dorados Holdings, Karat Packaging, The Andersons and Option Care HealthSeptember 21, 2023 | finance.yahoo.comKarat Packaging Expands National Salesforce, Focusing on Greater Penetration in East Coast and Mid-West RegionsSeptember 19, 2023 | finance.yahoo.comKarat Packaging Expands National Salesforce, Focusing on Greater Penetration in East Coast and Mid-West RegionsSeptember 18, 2023 | finance.yahoo.comIn spite of recent selling, insiders still control 67% of Karat Packaging Inc. (NASDAQ:KRT)September 15, 2023 | benzinga.comKarat Packaging Chief Executive Officer Sold $10.50M In Company StockSeptember 15, 2023 | finance.yahoo.comInsider Sell: CEO Alan Yu Sells 500,000 Shares of Karat Packaging Inc (KRT)September 8, 2023 | nasdaq.comKarat Packaging Slides; Prices 1 Mln Secondary OfferingSeptember 7, 2023 | finance.yahoo.comKarat Packaging Inc. Announces Proposed Secondary Offering of Common StockSeptember 5, 2023 | finance.yahoo.comKarat Packaging Appoints Jian Guo Board of DirectorsAugust 31, 2023 | msn.comKarat Packaging COO Wang to retire in DecemberAugust 31, 2023 | finance.yahoo.comKarat Packaging’s COO/Director to Retire; Company Appoints Chief Revenue OfficerSee More Headlines 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 Company Calendar Last Earnings11/09/2023Ex-Dividend for 11/30 Dividend11/17/2023Dividend Payable11/30/2023Today12/04/2023Fiscal Year End12/31/2023Next Earnings (Estimated)3/21/2024Get 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/AEmployees781Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.66 Trailing P/E Ratio13.19 Forward P/E Ratio11.35 P/E GrowthN/ANet Income$23.65 million Net Margins8.22% Pretax Margin10.66% Return on Equity23.57% Return on Assets13.88% Debt Debt-to-Equity Ratio0.30 Current Ratio3.47 Quick Ratio1.90 Sales & Book Value Annual Sales$422.96 million Price / Sales1.03 Cash Flow$1.99 per share Price / Cash Flow10.99 Book Value$7.63 per share Price / Book2.87Miscellaneous Outstanding Shares19,960,000Free Float5,690,000Market Cap$437.12 million OptionableNot Optionable Beta0.94 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Alan Yu (Age 53)Chairman & CEO Comp: $270kMs. Jian Guo (Age 44)CFO & Director Comp: $350kMs. Joanne Wang (Age 51)COO & Director Comp: $270kDaniel QuireChief Revenue OfficerMr. Marvin Cheng (Age 54)VP of Manufacturing & Secretary Comp: $240kKey CompetitorsMyers IndustriesNYSE:MYEInflection Point AcquisitionNASDAQ:IPAXDXP EnterprisesNASDAQ:DXPEManitowocNYSE:MTWACCO BrandsNYSE:ACCOView All CompetitorsInsiders & InstitutionsWellington Management Group LLPSold 17,900 shares on 12/1/2023Ownership: 2.870%American Century Companies Inc.Sold 106,109 shares on 11/30/2023Ownership: 1.745%Deutsche Bank AGBought 1,521 shares on 11/24/2023Ownership: 0.028%Jacobs Levy Equity Management Inc.Bought 15,253 shares on 11/17/2023Ownership: 0.076%Sei Investments Co.Bought 21,469 shares on 11/15/2023Ownership: 0.365%View All Insider TransactionsView All Institutional Transactions 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 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. 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. 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