Karat Packaging Inc. (KRT)

NASDAQ: KRT · IEX Real-Time Price · USD
15.20
+0.22 (1.47%)
Feb 3, 2023, 4:00 PM EST - Market closed
1.47%
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 ... [Read more]

IPO Date Apr 15, 2021
Employees 680
Stock Exchange NASDAQ
Ticker Symbol KRT
Full Company Profile

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%.

Financial Statements

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
Stock Forecasts

News

3 Packaging Stocks to Watch Amid Industry Challenges

Low consumer spending amid inflationary pressures and supply-chain snarls cloud the near-term prospects for the Zacks Containers-Paper and Packaging industry. However, the likes of ATR, GPK and KRT ar...

Other symbols: ATRGPK
1 week ago - Zacks Investment Research

Karat Packaging Reports 2022 Third Quarter Financial Results

– Significant Gross Margin Expansion and Record Quarterly Operating Cash Flow – – Significant Gross Margin Expansion and Record Quarterly Operating Cash Flow –

3 months ago - GlobeNewsWire

Karat Packaging Declares Special Dividend of $0.35 Per Share

CHINO, Calif., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a specialty distributor and manufacturer of environmentally friendly, disposable foodser...

3 months ago - GlobeNewsWire

Karat Packaging Reports 2022 Second Quarter Financial Results

– Record Quarterly Revenue of $114.9 Million with Continued Strengthening in Profitability –

6 months ago - GlobeNewsWire

Karat Packaging to Report 2022 Second Quarter Financial Results and Host Conference Call on Thursday, August 11, 2022

CHINO, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodser...

6 months ago - GlobeNewsWire

Karat Packaging to Participate in Two June Investor Conferences

CHINO, Calif., May 24, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat”), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and ...

9 months ago - GlobeNewsWire

Karat Packaging to Report 2022 First Quarter Financial Results and Host Conference Call on Thursday, May 12, 2022

CHINO, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodse...

10 months ago - GlobeNewsWire

Karat Packaging Enters Definitive Joint Venture Agreement to Build New Factory in Taiwan for Manufacturing Compostable Foodservice Products

-- Investment Further Demonstrates Company's Green Initiative and Plan for Enhanced Vertical Integration to Accelerate Growth -- CHINO, Calif., April 07, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. ...

10 months ago - GlobeNewsWire

Karat Packaging Reports Fourth Quarter and Full Year 2021 Financial Results

– Fourth Quarter Net Sales Grew Nearly 30 Percent; Net Income Increased More than Three-Fold –

11 months ago - GlobeNewsWire

Karat Packaging to Report Fourth Quarter and Full Year 2021 Financial Results and Host Conference Call on Wednesday, March 23, 2022

CHINO, Calif., March 07, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly disposab...

11 months ago - GlobeNewsWire

Karat Packaging Appoints Jian Guo As Finance Chief

Karat Packaging Inc (NASDAQ: KRT) has appointed Jian Guo as its chief financial officer, effective immediately. In October 2021, Ann Sabahat resigned as CFO for personal reasons, and Peter Lee was nam...

1 year ago - Benzinga

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 exp...

1 year 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 ...

Other symbols: TSLA
1 year 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 year 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 Produ...

1 year 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 ...

1 year 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 i...

1 year 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 Yea...

1 year 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 disposabl...

1 year 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.

1 year 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 it...

1 year 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 it...

1 year 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 it...

1 year 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 disposab...

1 year 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 disposab...

1 year ago - GlobeNewsWire