Karat Packaging Inc. (KRT)

Market Cap	540.04M
Revenue (ttm)	405.65M
Net Income (ttm)	32.47M
Shares Out	19.96M
EPS (ttm)	1.63
PE Ratio	16.60
Forward PE	13.86
Dividend	$0.50 (1.85%)
Ex-Dividend Date	Feb 20, 2024

Volume	23,001
Open	27.15
Previous Close	27.19
Day's Range	26.53 - 27.46
52-Week Range	13.43 - 30.94
Beta	1.03
Analysts	Strong Buy
Price Target	30.33 (+12.13%)
Earnings Date	May 8, 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: 778
• Stock Exchange: NASDAQ
• Ticker Symbol: KRT

Financial Performance

In 2023, KRT'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 3 analysts, the average rating for KRT stock is "Strong Buy." The 12-month stock price forecast is $30.33, which is an increase of 12.13% from the latest price.

Price Target

$30.33

(12.13% upside)

Analyst Consensus: Strong Buy