Karat Packaging (KRT) Stock Price, News & Analysis

3 Wall Street 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 analysts is that investors should "buy" KRT shares.
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3 Wall Street research analysts have issued 1 year target prices for Karat Packaging's stock. Their KRT share price targets range from $24.00 to $30.00. On average, they expect the company's stock price to reach $26.67 in the next twelve months. This suggests that the stock has a possible downside of 0.2%.
View analysts price targets for KRT or view top-rated stocks among Wall Street analysts.

Karat Packaging's stock was trading at $24.85 at the beginning of the year. Since then, KRT stock has increased by 7.5% and is now trading at $26.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 21st 2024.
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Karat Packaging Inc. (NASDAQ:KRT) posted its quarterly earnings data on Thursday, November, 11th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by $0.14. The company had revenue of $102.71 million for the quarter, compared to the consensus estimate of $102.09 million. Karat Packaging had a trailing twelve-month return on equity of 23.57% and a net margin of 8.22%.

Karat Packaging declared a quarterly dividend on Wednesday, February 7th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.30 per share on Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Tuesday, February 20th. This is an increase from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for KRT.

Karat Packaging (NASDAQ:KRT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.99%. The dividend payout ratio is 48.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KRT will have a dividend payout ratio of 41.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KRT.

Karat Packaging issued an update on its fourth quarter 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $94.5 million-$97.3 million, compared to the consensus revenue estimate of $105.0 million.

(KRT) raised $76 million in an initial public offering (IPO) on Thursday, April 15th 2021. The company issued 4,000,000 shares at a price of $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.

Karat Packaging's stock is owned by a number of retail and institutional investors. Top institutional investors include UBS Group AG (0.85%), Los Angeles Capital Management LLC (0.49%), Dimensional Fund Advisors LP (0.41%), Corient Private Wealth LLC (0.34%), Victory Capital Management Inc. (0.22%) and Denali Advisors LLC (0.16%). Insiders that own company stock include Alan Yu, Daniel Quire, Eve Yen, Jian Guo, Joanne Tzu Jung Wang and Marvin Cheng.
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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.
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