Karat Packaging Inc. (KRT)

NASDAQ: KRT · Real-Time Price · USD
31.17
-0.37 (-1.17%)
Dec 5, 2024, 4:00 PM EST - Market closed
-1.17%
Market Cap 624.15M
Revenue (ttm) 416.57M
Net Income (ttm) 28.26M
Shares Out 20.02M
EPS (ttm) 1.41
PE Ratio 22.09
Forward PE 16.43
Dividend $1.05 (3.37%)
Ex-Dividend Date Nov 20, 2024
Volume 36,452
Open 31.40
Previous Close 31.54
Day's Range 30.79 - 31.40
52-Week Range 21.38 - 31.69
Beta 1.05
Analysts Buy
Price Target 30.00 (-3.75%)
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... [Read more]

IPO Date Apr 15, 2021
Employees 806
Stock Exchange NASDAQ
Ticker Symbol KRT
Full Company Profile

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%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for KRT stock is "Buy." The 12-month stock price forecast is $30.0, which is a decrease of -3.75% from the latest price.

Price Target
$30.0
(-3.75% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: DLXUPS
1 day ago - Benzinga

Karat Packaging, Inc. (KRT) Q3 2024 Earnings Call Transcript

Karat Packaging, Inc. (NASDAQ:KRT) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Roger Pondel - IR, PondelWilkinson Inc. Alan Yu - CEO Jian Guo - CFO Conference Ca...

26 days ago - Seeking Alpha

Karat Packaging Reports 2024 Third Quarter Financial Results

CHINO, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of environmentally friendly, disposable foodser...

4 weeks ago - GlobeNewsWire

Karat Packaging to Report 2024 Third Quarter Financial Results and Host Conference Call on Thursday, November 7, 2024

CHINO, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) --  Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodse...

6 weeks ago - GlobeNewsWire

Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: CPAUPS
2 months ago - Benzinga

Karat Packaging to Present at Lake Street's 8th Annual Best Ideas Growth Conference, September 12

CHINO, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that...

3 months ago - GlobeNewsWire

Karat Packaging Inc. (KRT) Q2 2024 Earnings Call Transcript

Karat Packaging Inc. (NASDAQ:KRT) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Roger Pondel - IR, PondelWilkinson Inc. Alan Yu - CEO Jian Guo - CFO Conference Call ...

4 months ago - Seeking Alpha

Karat Packaging Reports 2024 Second Quarter Financial Results

CHINO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of environmentally friendly, disposable foodser...

4 months ago - GlobeNewsWire

Karat Packaging Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend

CHINO, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a specialty distributor and manufacturer of disposable foodservice products and related ...

4 months ago - GlobeNewsWire

Karat Packaging to Report 2024 Second Quarter Financial Results and Host Conference Call on Thursday, August 8, 2024

CHINO, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodser...

4 months ago - GlobeNewsWire

These 3 Industrials Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Deluxe (NYSE:DLX)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: DLXUPS
6 months ago - Benzinga

Karat Packaging to Participate in Two June Investor Conferences

CHINO, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat”), a specialty distributor and manufacturer of disposable foodservice products and related items, today annou...

7 months ago - GlobeNewsWire

Karat Packaging Inc. (KRT) Q1 2024 Earnings Call Transcript

Karat Packaging Inc. (NASDAQ:KRT) Q1 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Roger Pondel - Investor Relations Alan Yu - Chief Executive Officer Jian Guo - Chief Fina...

7 months ago - Seeking Alpha

Karat Packaging: Shift In Business Model Could Be A Moat Source

Karat specializes in the manufacturing and distribution of on-the-go packaging products. The company is pivoting towards being an asset-light business focused on supplying packaging, rather than manuf...

7 months ago - Seeking Alpha

Karat Packaging Reports 2024 First Quarter Financial Results

CHINO, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of environmentally friendly, disposable foodserv...

7 months ago - GlobeNewsWire

Karat Packaging Board Declares Increase in Quarterly Cash Dividend

CHINO, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a specialty distributor and manufacturer of disposable foodservice products and related i...

7 months ago - GlobeNewsWire

Karat Packaging Inc. (KRT) Q4 2023 Earnings Call Transcript

Karat Packaging Inc. (KRT) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

Karat Packaging Reports Fourth Quarter and Full Year 2023 Financial Results

Record Full Year Gross Margin and Net Income as Business Continues to Expand Record Full Year Gross Margin and Net Income as Business Continues to Expand

9 months ago - GlobeNewsWire

Karat Packaging to Report 2023 Fourth Quarter and Full Year Financial Results and Host Conference Call on Thursday, March 14, 2024

CHINO, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodse...

9 months ago - GlobeNewsWire

Showcasing Seeking Alpha's December 2023 New Analysts

Seeking Alpha welcomes 25 new analysts who have published their first articles in December 2023. The new analysts cover a wide range of areas of interest, including long/short equity, growth, tech, va...

1 year ago - Seeking Alpha

Karat Packaging: More Karat, Less Stick

Karat Packaging offers industry-leading margins, solid growth opportunities and a bias towards returning value to shareholders via regular and special dividends. Management has held the reins for over...

1 year ago - Seeking Alpha

Karat Packaging Inc. (KRT) Q3 2023 Earnings Call Transcript

Karat Packaging Inc. (NASDAQ:KRT) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Roger Pondel - PondelWilkinson-Investor Relations Alan Yu - Chief Executive Officer...

1 year ago - Seeking Alpha

Karat Packaging Reports 2023 Third Quarter Financial Results

- 49% Expansion of Net Income with Continued Success in Growth Strategy Execution - CHINO, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a sp...

1 year ago - GlobeNewsWire

Karat Packaging: A Buy If The Growth Story Continues

Karat Packaging has experienced significant organic revenue growth in the long term. The company has scaled its gross margin significantly in the first half of 2023, possibly causing revenue decreases...

1 year ago - Seeking Alpha

Karat Packaging Expands National Salesforce, Focusing on Greater Penetration in East Coast and Mid-West Regions

CHINO, Calif., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products and related...

1 year ago - GlobeNewsWire