Karat Packaging Inc. (KRT)

Market Cap	602.93M
Revenue (ttm)	416.57M
Net Income (ttm)	28.26M
Shares Out	20.02M
EPS (ttm)	1.41
PE Ratio	21.34
Forward PE	15.87
Dividend	$1.05 (3.49%)
Ex-Dividend Date	Nov 20, 2024

Volume	97,431
Open	29.34
Previous Close	29.74
Day's Range	29.11 - 30.40
52-Week Range	22.51 - 33.14
Beta	1.05
Analysts	Buy
Price Target	32.00 (+6.28%)
Earnings Date	Nov 7, 2024

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 2 analysts, the average rating for KRT stock is "Buy." The 12-month stock price forecast is $32.0, which is an increase of 6.28% from the latest price.

Price Target

$32.0

(6.28% upside)

Analyst Consensus: Buy