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 ... [Read more]
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 StatementsAnalyst 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.
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...

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 –

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...

Karat Packaging Reports 2022 Second Quarter Financial Results
– Record Quarterly Revenue of $114.9 Million with Continued Strengthening in Profitability –

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...

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 ...

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...

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. ...

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 –

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...
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...
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...

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 ...

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 --

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...
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 ...

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...

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...

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...

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.

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...

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...

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...

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...

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...