Positive News SentimentPositive NewsNASDAQ:KRT Karat Packaging (KRT) Stock Price, News & Analysis → It's time to ween off Chinese lithium! (From Smallcaps Daily) (Ad) Free KRT Stock Alerts $27.73 +0.63 (+2.32%) (As of 03:45 PM ET) Add Compare Share Share Today's Range$26.89▼$27.9650-Day Range$26.34▼$29.3552-Week Range$16.82▼$30.94Volume19,211 shsAverage Volume45,425 shsMarket Capitalization$554.05 millionP/E Ratio18.74Dividend Yield5.05%Price Target$30.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get Karat Packaging alerts: Email Address Karat Packaging MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside11.9% Upside$30.33 Price TargetShort InterestHealthy1.88% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth5.61%From $1.96 to $2.07 Per ShareSee Full Details Hide Full Details 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.3.09 out of 5 starsIndustrial Products Sector87th out of 163 stocksPlastics Products, Not Elsewhere Classified Industry6th out of 9 stocks 2.5 Analyst's Opinion Consensus RatingKarat 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 CoverageKarat Packaging has only been the subject of 2 research reports in the past 90 days.Read more about Karat Packaging's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.88% of the float of Karat Packaging has been sold short.Short Interest Ratio / Days to CoverKarat Packaging has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Karat Packaging has recently decreased by 6.27%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipKarat Packaging is a leading dividend payer. It pays a dividend yield of 5.17%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthKarat Packaging has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Karat Packaging is 94.59%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Karat Packaging will have a dividend payout ratio of 67.63% next year. This indicates that Karat Packaging will be able to sustain or increase its dividend.Read more about Karat Packaging's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KRT. Previous Next 2.7 News and Social Media Coverage News SentimentKarat Packaging has a news sentiment score of 1.91. 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 0.98 average news sentiment score of Industrial Products companies.Search InterestOnly 1 people have searched for KRT on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Karat Packaging to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Karat Packaging insiders have not sold or bought any company stock.Percentage Held by Insiders66.10% 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 InstitutionsOnly 25.20% of the stock of Karat Packaging is held by institutions.Read more about Karat Packaging's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Karat Packaging are expected to grow by 5.61% in the coming year, from $1.96 to $2.07 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Karat Packaging is 18.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.30.Price to Earnings Ratio vs. SectorThe P/E ratio of Karat Packaging is 18.31, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 15.79.Price to Book Value per Share RatioKarat Packaging has a P/B Ratio of 3.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Karat Packaging's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Priority GoldBiden to Launch “FedNOW” [Move Your Money Now]Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...Get your free information kit NOW, before it's too late. 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.Read More KRT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KRT Stock News HeadlinesMay 29, 2024 | benzinga.comThese 3 Industrials Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Deluxe (NYSE:DLX)May 21, 2024 | globenewswire.comKarat Packaging to Participate in Two June Investor ConferencesMay 13, 2024 | finance.yahoo.comKarat Packaging Inc. (NASDAQ:KRT) Q1 2024 Earnings Call TranscriptMay 12, 2024 | finance.yahoo.comKarat Packaging First Quarter 2024 Earnings: Misses ExpectationsMay 10, 2024 | finance.yahoo.comKarat Packaging Inc. (KRT) Q1 2024 Earnings: Misses Analyst Revenue and EPS ProjectionsMay 10, 2024 | seekingalpha.comKarat Packaging: Shift In Business Model Could Be A Moat SourceMay 10, 2024 | finanznachrichten.deKarat Packaging Inc.: Karat Packaging Reports 2024 First Quarter Financial ResultsMay 9, 2024 | msn.comKarat Packaging Non-GAAP EPS of $0.40 misses by $0.05, revenue of $95.6M misses by $4.22MMay 9, 2024 | globenewswire.comKarat Packaging Reports 2024 First Quarter Financial ResultsMay 8, 2024 | msn.comKarat Packaging Q1 2024 Earnings PreviewMay 8, 2024 | msn.comKarat Packaging raises quarterly dividend by 16.7% to $0.35/shareMay 7, 2024 | globenewswire.comKarat Packaging Board Declares Increase in Quarterly Cash DividendMay 5, 2024 | finance.yahoo.comAre Robust Financials Driving The Recent Rally In Karat Packaging Inc.'s (NASDAQ:KRT) Stock?April 25, 2024 | finance.yahoo.comKarat Packaging to Report 2024 First Quarter Financial Results and Host Conference Call on Thursday, May 9, 2024April 5, 2024 | finance.yahoo.comWhat Is Karat Packaging Inc.'s (NASDAQ:KRT) Share Price Doing?March 20, 2024 | finance.yahoo.comThe 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-hoursMarch 16, 2024 | finance.yahoo.comKarat Packaging Full Year 2023 Earnings: EPS Misses ExpectationsMarch 15, 2024 | seekingalpha.comKarat Packaging Inc. (KRT) Q4 2023 Earnings Call TranscriptMarch 15, 2024 | finance.yahoo.comKarat Packaging Inc. (NASDAQ:KRT) Q4 2023 Earnings Call TranscriptMarch 15, 2024 | finanznachrichten.deKarat Packaging Inc.: Karat Packaging Reports Fourth Quarter and Full Year 2023 Financial ResultsMarch 15, 2024 | msn.comKRT Stock Earnings: Karat Packaging Misses EPS, Beats Revenue for Q4 2023March 14, 2024 | benzinga.comKarat Packaging: Q4 Earnings InsightsMarch 14, 2024 | msn.comKarat Packaging Non-GAAP EPS of $0.24 misses by $0.21, revenue of $95.58M in-lineMarch 14, 2024 | finance.yahoo.comKarat Packaging Inc (KRT) Reports Record Gross Margin and Net Income for Full Year 2023March 14, 2024 | globenewswire.comKarat Packaging Reports Fourth Quarter and Full Year 2023 Financial ResultsSee More Headlines Receive KRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Karat Packaging and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/09/2024Ex-Dividend for 5/24 Dividend5/16/2024Dividend Payable5/24/2024Today6/10/2024Next Earnings (Estimated)8/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorIndustrial Products Industry Plastics products, not elsewhere classified Sub-IndustryN/A Current SymbolNASDAQ:KRT CUSIPN/A CIK1758021 Webwww.karatpackaging.com Phone626-965-8882FaxN/AEmployees778Year FoundedN/APrice Target and Rating Average Stock Price Target$30.33 High Stock Price Target$33.00 Low Stock Price Target$26.00 Potential Upside/Downside+11.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.48 Trailing P/E Ratio18.31 Forward P/E Ratio13.83 P/E GrowthN/ANet Income$32.47 million Net Margins7.31% Pretax Margin9.72% Return on Equity21.94% Return on Assets12.77% Debt Debt-to-Equity Ratio0.30 Current Ratio3.33 Quick Ratio1.69 Sales & Book Value Annual Sales$405.65 million Price / Sales1.33 Cash Flow$2.58 per share Price / Cash Flow10.51 Book Value$8.15 per share Price / Book3.33Miscellaneous Outstanding Shares19,980,000Free Float6,772,000Market Cap$541.46 million OptionableNot Optionable Beta1.07 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Alan Yu (Age 54)Chairman & CEO Comp: $300kMs. Jian Guo (Age 45)CFO & Director Comp: $357.5kMr. Daniel Quire (Age 42)Chief Revenue Officer Comp: $907.57kMr. Marvin Cheng (Age 55)VP of Manufacturing & Secretary Comp: $240kKey CompetitorsEnnisNYSE:EBFMyers IndustriesNYSE:MYELatham GroupNASDAQ:SWIMClearwater PaperNYSE:CLWTredegarNYSE:TGView All CompetitorsInsiders & InstitutionsJacobs Levy Equity Management Inc.Bought 710 shares on 5/16/2024Ownership: 0.185%Janus Henderson Group PLCSold 954 shares on 5/16/2024Ownership: 0.111%Caxton Associates LPBought 7,341 shares on 5/16/2024Ownership: 0.037%Price T Rowe Associates Inc. MDBought 30,137 shares on 5/15/2024Ownership: 0.308%Quadrature Capital LtdSold 17,875 shares on 5/15/2024Ownership: 0.038%View All Insider TransactionsView All Institutional Transactions KRT Stock Analysis - Frequently Asked Questions Should I buy or sell Karat Packaging stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Karat Packaging in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 1-year price targets for Karat Packaging's shares. Their KRT share price targets range from $26.00 to $33.00. On average, they expect the company's share price to reach $30.33 in the next year. This suggests a possible upside of 11.9% 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 9.1% and is now trading at $27.10. View the best growth stocks for 2024 here. When is Karat Packaging's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024. View our KRT earnings forecast. How were Karat Packaging's earnings last quarter? Karat Packaging Inc. (NASDAQ:KRT) posted its quarterly earnings results on Thursday, May, 9th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.44 by $0.04. The business earned $95.61 million during the quarter, compared to analyst estimates of $99.76 million. Karat Packaging had a trailing twelve-month return on equity of 21.94% and a net margin of 7.31%. During the same period in the prior year, the firm posted $0.45 earnings per share. How often does Karat Packaging pay dividends? What is the dividend yield for Karat Packaging? Karat Packaging declared a quarterly dividend on Tuesday, May 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.35 per share on Friday, May 24th. This represents a $1.40 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from the stock's previous quarterly dividend of $0.30. Read our dividend analysis for KRT. Is Karat Packaging a good dividend stock? Karat Packaging (NASDAQ:KRT) pays an annual dividend of $1.40 per share and currently has a dividend yield of 5.17%. 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 94.59%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KRT will have a dividend payout ratio of 67.63% 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, May, 9th. The company provided earnings per share (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 $450.0 million. When did Karat Packaging IPO? Karat Packaging (KRT) raised $76 million in an initial public offering (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. acted as the underwriters for the IPO. Who are Karat Packaging's major shareholders? Karat Packaging's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (1.75%), Wasatch Advisors LP (1.63%), Acadian Asset Management LLC (1.31%), Los Angeles Capital Management LLC (0.44%), Rice Hall James & Associates LLC (0.42%) and O Shaughnessy Asset Management LLC (0.32%). 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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