Karat Packaging Inc. (KRT)

Market Cap	302.60M
Revenue (ttm)	421.62M
Net Income (ttm)	24.74M
Shares Out	19.91M
EPS (ttm)	1.26
PE Ratio	12.06
Forward PE	n/a
Dividend	$0.35 (2.30%)
Ex-Dividend Date	Nov 18, 2022

Volume	5,066
Open	15.18
Previous Close	14.98
Day's Range	15.14 - 15.27
52-Week Range	12.50 - 20.00
Beta	n/a
Analysts	Buy
Price Target	24.14 (+58.82%)
Earnings Date	Mar 21, 2023

About KRT

Karat Packaging Inc. manufactures and distributes 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 offers its products to domestic and regional distributors, restaurant chains, retail establishments, and online customers. It also provides new product ...

• Industry: Packaging & Containers
• Sector: Consumer Discretionary
• IPO Date: Apr 15, 2021
• Employees: 680
• Stock Exchange: NASDAQ
• Ticker Symbol: KRT

Financial Performance

In 2021, KRT's revenue was $364.24 million, an increase of 23.26% compared to the previous year's $295.52 million. Earnings were $20.78 million, an increase of 18.62%.

Analyst Forecast

According to 8 analysts, the average rating for KRT stock is "Buy." The 12-month stock price forecast is $24.14, which is an increase of 58.82% from the latest price.

Price Target

$24.14

(58.82% upside)

Analyst Consensus: Buy