Karat Packaging Inc. (KRT)

Market Cap	638.17M
Revenue (ttm)	416.57M
Net Income (ttm)	28.26M
Shares Out	20.02M
EPS (ttm)	1.41
PE Ratio	22.58
Forward PE	17.84
Dividend	$1.70 (5.33%)
Ex-Dividend Date	Feb 24, 2025

Volume	28,537
Open	32.50
Previous Close	32.10
Day's Range	31.81 - 32.50
52-Week Range	23.10 - 33.89
Beta	1.05
Analysts	Buy
Price Target	32.00 (+0.41%)
Earnings Date	Mar 13, 2025

About 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 produc...

• Industry: Packaging & Containers
• Sector: Consumer Discretionary
• IPO Date: Apr 15, 2021
• Employees: 806
• Stock Exchange: NASDAQ
• Ticker Symbol: KRT
• Website: https://www.karatpackaging.com

Financial Performance

In 2023, Karat Packaging's revenue was $405.65 million, a decrease of -4.09% compared to the previous year's $422.96 million. Earnings were $32.47 million, an increase of 37.31%.

Analyst Forecast

According to 3 analysts, the average rating for KRT stock is "Buy." The 12-month stock price forecast is $32.0, which is an increase of 0.41% from the latest price.

Price Target

$32.0

(0.41% upside)

Analyst Consensus: Buy