Karat Packaging, Inc. (KRT)

NASDAQ: KRT · Delayed Price · USD
17.40
-0.54 (-3.01%)
At close: Jan 21, 2022 4:00 PM
17.61
0.21 (1.21%)
After-hours:Jan 21, 2022 4:06 PM EST
Market Cap344.51M
Revenue (ttm)343.29M
Net Income (ttm)16.07M
Shares Out19.80M
EPS (ttm)0.93
PE Ratio18.81
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume21,116
Open17.60
Previous Close17.94
Day's Range17.40 - 19.05
52-Week Range15.56 - 25.91
Betan/a
AnalystsStrong Buy
Price Target29.00 (+66.7%)
Earnings Daten/a

About KRT

Karat Packaging Inc. manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based and other compostable forms primarily used in restaurants and foodservice areas. It offers food and take-out containers, bags, tableware, cups, lids, cutlery, and straws under the Karat and Karat Earth names. The company offers its products to domestic and regional distributors, restaurant chains, retail establishments, and online customers. It also provides new product development, design, printing, and logistics services. Karat...

IndustryPackaging & Containers
IPO DateApr 15, 2021
Employees620
Stock ExchangeNASDAQ
Ticker SymbolKRT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for KRT stock is "Strong Buy." The 12-month stock price forecast is 29.00, which is an increase of 66.67% from the latest price.

Price Target
$29.00
(66.67% upside)
Analyst Consensus: Strong Buy

News

Karat Packaging Plans Logistics Service Expansion; Orders For 10 Tesla Semi Trucks

Karat Packaging Inc (NASDAQ: KRT) plans to expand its logistic offerings geographically from its existing distribution centers in Texas, New Jersey, and South Carolina in those regions and further expan...

1 month ago - Benzinga

Karat Packaging says it has ordered 10 Tesla Semi Trucks

Karat Packaging Inc. KRT, +1.39% , a maker of disposable foodservice products, said Tuesday it has placed an order for 10 Tesla TSLA, -3.50% Semi trucks. The Chino, California-based Karat has a fleet of...

Other symbols:TSLA
1 month ago - Market Watch

Karat Packaging Announces Expansion of Its Logistic Services

-- Company to Add Ten Fully Electric Tesla Semi Trucks to Fleet -- -- Company to Add Ten Fully Electric Tesla Semi Trucks to Fleet --

1 month ago - GlobeNewsWire

Karat Packaging Reports 2021 Third Quarter Financial Results

Net Sales Increase 35 Percent Over Prior Year and 43 Percent, Excluding Sales of PPE-Related Products Net Sales Increase 35 Percent Over Prior Year and 43 Percent, Excluding Sales of PPE-Related Products

2 months ago - GlobeNewsWire

Karat Packaging Raises Q3 Sales Outlook

Karat Packaging Inc (NASDAQ: KRT) raised its third-quarter net sales outlook of $102 million - $103 million (consensus $101.3 million), compared to $76.3 million in the prior-year period. The company ha...

3 months ago - Benzinga

Karat Packaging Announces Departure of Chief Financial Officer and Appoints Peter Lee as Interim Chief Financial Officer

CHINO, Calif., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related ite...

3 months ago - GlobeNewsWire

Karat Packaging Reports 2021 Second Quarter Financial Results

Net Sales Advance 11.6 Percent Over Prior Year and 69.4 Percent, Excluding Last Year's Sales of PPE-Related Products Net Sales Advance 11.6 Percent Over Prior Year and 69.4 Percent, Excluding Last Year'...

5 months ago - GlobeNewsWire

Karat Packaging to Report 2021 Second Quarter Financial Results and Host Conference Call on Thursday, August 12, 2021

CHINO, Calif., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly disposable ...

5 months ago - GlobeNewsWire

How Karat Packaging (KRT) Stock Stands Out in a Strong Industry

Karat Packaging (KRT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

7 months ago - Zacks Investment Research

Karat Packaging to Present at Stifel Cross Sector Insight Conference, June 10 at 12:40 p.m. ET

CHINO, Calif., June 03, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly disposable foodservice products and related item...

7 months ago - GlobeNewsWire

Karat Packaging Provides Financial Outlook for Second Quarter 2021

CHINO, Calif., May 28, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related item...

7 months ago - GlobeNewsWire

Karat Packaging Reports 2021 First Quarter Financial Results

CHINO, Calif., May 27, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related item...

7 months ago - GlobeNewsWire

Karat Packaging Inc. Announces Exercise and Closing of Over-Allotment Option in Public Offering

CHINO, Calif., April 23, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally-friendly disposable...

8 months ago - GlobeNewsWire

Karat Packaging Inc. Announces Closing of Initial Public Offering

CHINO, Calif., April 19, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally-friendly disposable...

9 months ago - GlobeNewsWire

Karat Packaging IPO prices below range at $16 a share

Karat Packaging Inc. said Thursday it initial public offering priced at $16 a share, below its proposed price range of $18 to $20. The maker of environmentally friendly disposable food product packaging...

9 months ago - Market Watch