Should I buy or sell Karat Packaging stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Karat Packaging in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" KRT shares. View KRT analyst ratings or view top-rated stocks .

What is Karat Packaging's stock price target for 2024?

3 analysts have issued 12 month target prices for Karat Packaging's shares. Their KRT share price targets range from $26.00 to $33.00. On average, they expect the company's stock price to reach $30.33 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price. View analysts price targets for KRT or view top-rated stocks among Wall Street analysts .

How have KRT shares performed in 2024?

Karat Packaging's stock was trading at $24.85 at the start of the year. Since then, KRT stock has increased by 6.5% and is now trading at $26.47. View the best growth stocks for 2024 here .

Are investors shorting Karat Packaging?

Karat Packaging saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 116,000 shares, an increase of 13.0% from the March 15th total of 102,700 shares. Based on an average trading volume of 50,400 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.7% of the company's shares are sold short. View Karat Packaging's Short Interest .

When is Karat Packaging's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our KRT earnings forecast .

How were Karat Packaging's earnings last quarter?

Karat Packaging Inc. (NASDAQ:KRT) posted its quarterly earnings data on Thursday, March, 14th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.16. The company earned $95.58 million during the quarter, compared to analysts' expectations of $95.51 million. Karat Packaging had a net margin of 8.00% and a trailing twelve-month return on equity of 22.54%.

How often does Karat Packaging pay dividends? What is the dividend yield for Karat Packaging?

Karat Packaging declared a quarterly dividend on Wednesday, February 7th. Investors of record on Wednesday, February 21st will be given a dividend of $0.30 per share on Thursday, February 29th. This represents a $1.20 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a positive change from the stock's previous quarterly dividend of $0.20. Read our dividend analysis for KRT .

Is Karat Packaging a good dividend stock?

Karat Packaging (NASDAQ:KRT) pays an annual dividend of $1.20 per share and currently has a dividend yield of 4.47%. KRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 74.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KRT will have a dividend payout ratio of 57.97% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for KRT .

What guidance has Karat Packaging issued on next quarter's earnings?

Karat Packaging updated its FY 2024 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $438.1 million-$466.5 million, compared to the consensus revenue estimate of $429.8 million.

When did Karat Packaging IPO?

Karat Packaging (KRT) raised $76 million in an IPO on Thursday, April 15th 2021. The company issued 4,000,000 shares at $18.00-$20.00 per share. Stifel, William Blair, Truist Securities, National Securities Corp. and D.A. Davidson & Co. served as the underwriters for the IPO.

Who are Karat Packaging's major shareholders?

Karat Packaging's stock is owned by many different institutional and retail investors. Top institutional investors include Wasatch Advisors LP (1.63%) and Los Angeles Capital Management LLC (0.44%). Insiders that own company stock include Alan Yu, Daniel Quire, Eve Yen, Jian Guo, Joanne Tzu Jung Wang and Marvin Cheng . View institutional ownership trends .

How do I buy shares of Karat Packaging?

Shares of KRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NASDAQ:KRT

Karat Packaging (KRT) Stock Price, News & Analysis

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$26.47

-0.16 (-0.60%)

(As of 04/18/2024 ET)

Compare

Today's Range: $26.46
▼
$27.19
50-Day Range: $25.93
▼
$30.10
52-Week Range: $13.34
▼
$30.94

Volume: 31,059 shs
Average Volume: 40,640 shs
Market Capitalization: $528.61 million

P/E Ratio: 16.34
Dividend Yield: 4.53%
Price Target: $30.33

Get Karat Packaging alerts:

Karat Packaging MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 14.6% Upside
$30.33 Price Target
Short Interest: Healthy
1.69% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 7.81%
From $1.92 to $2.07 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.50 out of 5 stars

Industrial Products Sector

81st out of 163 stocks

Plastics Products, Not Elsewhere Classified Industry

7th out of 10 stocks

2.5

Analyst's Opinion

Consensus Rating
Karat Packaging has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Karat Packaging has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.69% of the float of Karat Packaging has been sold short.
Short Interest Ratio / Days to Cover
Karat Packaging has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Karat Packaging has recently increased by 12.95%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Karat Packaging is a leading dividend payer. It pays a dividend yield of 4.47%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Karat Packaging has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Karat Packaging is 74.07%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Karat Packaging will have a dividend payout ratio of 57.97% next year. This indicates that Karat Packaging will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KRT.

2.7

News and Social Media Coverage

News Sentiment
Karat Packaging has a news sentiment score of 1.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Karat Packaging this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for KRT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Karat Packaging to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Karat Packaging insiders have not sold or bought any company stock.
Percentage Held by Insiders
71.50% of the stock of Karat Packaging is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 25.20% of the stock of Karat Packaging is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Karat Packaging are expected to grow by 7.81% in the coming year, from $1.92 to $2.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Karat Packaging is 16.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Karat Packaging is 16.34, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.29.
Price to Book Value per Share Ratio
Karat Packaging has a P/B Ratio of 3.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Karat Packaging Stock (NASDAQ: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 products to national and regional distributors, restaurant chains, retail establishments, and online customers. The company was founded in 2000 and is based in Chino, California.

KRT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

KRT Stock News Headlines

April 16, 2024 | americanbankingnews.com

Karat Packaging Inc. (NASDAQ:KRT) Short Interest Up 13.0% in March

April 5, 2024 | finance.yahoo.com

What Is Karat Packaging Inc.'s (NASDAQ:KRT) Share Price Doing?

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 20, 2024 | finance.yahoo.com

The company that does job interviews for AmEx, Citi, and Walmart says you’ll miss out on the best candidates if you won’t meet people after-hours

March 16, 2024 | finance.yahoo.com

Karat Packaging Full Year 2023 Earnings: EPS Misses Expectations

March 15, 2024 | seekingalpha.com

Karat Packaging Inc. (KRT) Q4 2023 Earnings Call Transcript

March 15, 2024 | finance.yahoo.com

Karat Packaging Inc. (NASDAQ:KRT) Q4 2023 Earnings Call Transcript

March 15, 2024 | finanznachrichten.de

Karat Packaging Inc.: Karat Packaging Reports Fourth Quarter and Full Year 2023 Financial Results

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 15, 2024 | msn.com

KRT Stock Earnings: Karat Packaging Misses EPS, Beats Revenue for Q4 2023

March 14, 2024 | benzinga.com

Karat Packaging: Q4 Earnings Insights

March 14, 2024 | msn.com

Karat Packaging Non-GAAP EPS of $0.24 misses by $0.21, revenue of $95.58M in-line

March 14, 2024 | finance.yahoo.com

Karat Packaging Inc (KRT) Reports Record Gross Margin and Net Income for Full Year 2023

March 14, 2024 | globenewswire.com

Karat Packaging Reports Fourth Quarter and Full Year 2023 Financial Results

March 13, 2024 | benzinga.com

Karat Packaging's Earnings: A Preview

March 11, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Genesco (GCO) and Karat Packaging Inc (KRT)

March 7, 2024 | investorplace.com

3 Tiny Stocks Capable of 100% Explosions

March 1, 2024 | finance.yahoo.com

Is Karat Packaging Inc. (NASDAQ:KRT) Trading At A 50% Discount?

March 1, 2024 | globenewswire.com

Karat Packaging to Report 2023 Fourth Quarter and Full Year Financial Results and Host Conference Call on Thursday, March 14, 2024

February 18, 2024 | finance.yahoo.com

Borderlands: Cross-border logistics firms expand operations into Mexico

February 15, 2024 | benzinga.com

Karat Packaging's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

February 9, 2024 | msn.com

Karat Packaging Raises Quarterly Dividend by 50%

February 8, 2024 | msn.com

Karat Packaging increases dividend by ~50% to $0.30

February 3, 2024 | morningstar.com

Karat Packaging Inc KRT

February 2, 2024 | investing.com

Karat Packaging Inc (KRT)

February 1, 2024 | finance.yahoo.com

With EPS Growth And More, Karat Packaging (NASDAQ:KRT) Makes An Interesting Case

January 30, 2024 | msn.com

3 Cutting-Edge Stocks Eyeing 250% Growth by 2026

See More Headlines

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Company Calendar

Ex-Dividend for 2/29 Dividend: 2/20/2024
Dividend Payable: 2/29/2024
Last Earnings: 3/14/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Industrial Products
Industry: Plastics products, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:KRT
CUSIP: N/A
CIK: 1758021
Web: www.karatpackaging.com
Phone: 626-965-8882
Fax: N/A
Employees: 778
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $30.33
High Stock Price Target: $33.00
Low Stock Price Target: $26.00
Potential Upside/Downside: +14.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.62
Trailing P/E Ratio: 16.34
Forward P/E Ratio: 13.79
P/E Growth: N/A
Net Income: $32.47 million
Net Margins: 8.00%
Pretax Margin: 10.60%
Return on Equity: 22.54%
Return on Assets: 13.21%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: 3.49
Quick Ratio: 1.88

Sales & Book Value

Annual Sales: $405.65 million
Price / Sales: 1.30
Cash Flow: $2.54 per share
Price / Cash Flow: 10.42
Book Value: $8.15 per share
Price / Book: 3.25

Miscellaneous

Outstanding Shares: 19,970,000
Free Float: 5,692,000
Market Cap: $528.61 million
Optionable: Not Optionable
Beta: 1.05

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Key Executives

Mr. Alan Yu (Age 54)
Chairman & CEO
Comp: $270k
Ms. Jian Guo (Age 45)
CFO & Director
Comp: $350k
Daniel Quire
Chief Revenue Officer
Mr. Marvin Cheng (Age 55)
VP of Manufacturing & Secretary
Comp: $240k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KRT Stock Analysis - Frequently Asked Questions

Should I buy or sell Karat Packaging stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Karat Packaging in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" KRT shares.
View KRT analyst ratings or view top-rated stocks.
What is Karat Packaging's stock price target for 2024?: 3 analysts have issued 12 month target prices for Karat Packaging's shares. Their KRT share price targets range from $26.00 to $33.00. On average, they expect the company's stock price to reach $30.33 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price.
View analysts price targets for KRT or view top-rated stocks among Wall Street analysts.
How have KRT shares performed in 2024?: Karat Packaging's stock was trading at $24.85 at the start of the year. Since then, KRT stock has increased by 6.5% and is now trading at $26.47.
View the best growth stocks for 2024 here.
Are investors shorting Karat Packaging?: Karat Packaging saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 116,000 shares, an increase of 13.0% from the March 15th total of 102,700 shares. Based on an average trading volume of 50,400 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.7% of the company's shares are sold short.
View Karat Packaging's Short Interest.
When is Karat Packaging's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our KRT earnings forecast.
How were Karat Packaging's earnings last quarter?: Karat Packaging Inc. (NASDAQ:KRT) posted its quarterly earnings data on Thursday, March, 14th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.16. The company earned $95.58 million during the quarter, compared to analysts' expectations of $95.51 million. Karat Packaging had a net margin of 8.00% and a trailing twelve-month return on equity of 22.54%.

How often does Karat Packaging pay dividends? What is the dividend yield for Karat Packaging?: Karat Packaging declared a quarterly dividend on Wednesday, February 7th. Investors of record on Wednesday, February 21st will be given a dividend of $0.30 per share on Thursday, February 29th. This represents a $1.20 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for KRT.
Is Karat Packaging a good dividend stock?: Karat Packaging (NASDAQ:KRT) pays an annual dividend of $1.20 per share and currently has a dividend yield of 4.47%. KRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 74.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KRT will have a dividend payout ratio of 57.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KRT.
What guidance has Karat Packaging issued on next quarter's earnings?: Karat Packaging updated its FY 2024 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $438.1 million-$466.5 million, compared to the consensus revenue estimate of $429.8 million.
When did Karat Packaging IPO?: Karat Packaging (KRT) raised $76 million in an IPO on Thursday, April 15th 2021. The company issued 4,000,000 shares at $18.00-$20.00 per share. Stifel, William Blair, Truist Securities, National Securities Corp. and D.A. Davidson & Co. served as the underwriters for the IPO.
Who are Karat Packaging's major shareholders?: Karat Packaging's stock is owned by many different institutional and retail investors. Top institutional investors include Wasatch Advisors LP (1.63%) and Los Angeles Capital Management LLC (0.44%). Insiders that own company stock include Alan Yu, Daniel Quire, Eve Yen, Jian Guo, Joanne Tzu Jung Wang and Marvin Cheng.
View institutional ownership trends.
How do I buy shares of Karat Packaging?: Shares of KRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:KRT) was last updated on 4/19/2024 by MarketBeat.com Staff

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Karat Packaging (KRT) Stock Price, News & Analysis

Karat Packaging MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Karat Packaging Stock (NASDAQ:KRT)

KRT Stock Price History

KRT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

KRT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™