Karat Packaging Stock Price, News & Analysis (NASDAQ:KRT)

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 21st 2024.
View our KRT earnings forecast.

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%.

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.

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.

(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.

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.
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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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