Karat Packaging Inc.

Equities

KRT

US48563L1017

Non-Paper Containers & Packaging

Market Closed - Nasdaq Other stock markets 21:00:00 27/06/2024 BST			5-day change	1st Jan Change
28.72 ^USD	+1.70%		+0.35%	+15.57%

05-10	Truist Adjusts Karat Packaging's Price $34 From $33, Keeps Buy Rating	MT
05-09	Transcript : Karat Packaging Inc., Q1 2024 Earnings Call, May 09, 2024

Karat Packaging Inc. Provides Sales Guidance for the Fourth Quarter and Full Year of 2023

November 09, 2023 at 09:10 pm

Karat Packaging Inc. provided sales guidance for the fourth quarter and full year of 2023. Net sales for the 2023 fourth quarter expected to increase 2% to 5% from the prior year quarter.

Net sales for the 2023 full year expected to decrease by mid-single digit.

Latest news about Karat Packaging Inc.

Truist Adjusts Karat Packaging's Price $34 From $33, Keeps Buy Rating	05-10	MT
Transcript : Karat Packaging Inc., Q1 2024 Earnings Call, May 09, 2024	05-09
Earnings Flash (KRT) KARAT PACKAGING Reports Q1 EPS $0.40, vs. Street Est of $0.45	05-09	MT
Earnings Flash (KRT) KARAT PACKAGING Posts Q1 Revenue $95.6M, vs. Street Est of $99.8M	05-09	MT
Karat Packaging Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-09	CI
Karat Packaging Inc. Provides Earnings Guidance for the Second Quarter of 2024	05-09	CI
Karat Packaging Increases Quarterly Cash Dividend by $0.05 to $0.35 Per Share, Payable May 24, to Shareholders of Record as of May 17	05-08	MT
Karat Packaging Board Declares Increase in Quarterly Cash Dividend, Payable on or about May 24, 2024	05-08	CI
Truist Securities Adjusts Karat Packaging's Price Target to $33 From $24, Maintains Buy Rating	03-15	MT
Stifel Adjusts Karat Packaging's Price Target to $32 From $30, Maintains Buy Rating	03-15	MT
Karat Packaging Q4 Adjusted Earnings Fall, Sales Rise	03-14	MT
Transcript : Karat Packaging Inc., Q4 2023 Earnings Call, Mar 14, 2024	03-14
Karat Packaging Inc. Reports Impairment Expense for the Three Months Ended December 31, 2023	03-14	CI
Karat Packaging Inc. Provides Sales Guidance for the First Quarter and Full Year of 2024	03-14	CI
Karat Packaging Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	03-14	CI
Earnings Flash (KRT) KARAT PACKAGING Reports Q4 EPS $0.24, vs. Street Est of $0.45	03-14	MT
Earnings Flash (KRT) KARAT PACKAGING Reports Q4 Revenue $95.6M, vs. Street Est of $95.5M	03-14	MT
Karat Packaging Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	03-14	CI
Karat Packaging Inc. Announces New Distribution Center in Arizona	02-15	CI
Karat Packaging Raises Quarterly Dividend to $0.30 a Share From $0.20, Payable Around Feb. 29 to Holders of Record Feb. 21	02-08	MT
Karat Packaging Inc. Announces Regular Quarterly Dividend, Payable on or About February 29, 2024	02-08	CI
Certain Common Stock of Karat Packaging Inc. are subject to a Lock-Up Agreement Ending on 7-JAN-2024.	01-06	CI
Certain Stock Options of Karat Packaging Inc. are subject to a Lock-Up Agreement Ending on 7-JAN-2024.	01-06	CI
Certain Restricted Stock Units of Karat Packaging Inc. are subject to a Lock-Up Agreement Ending on 7-JAN-2024.	01-06	CI
Truist Securities Cuts Price Target on Karat Packaging to $24 From $26, Maintains Buy Rating	11-10	MT

Chart Karat Packaging Inc.

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Company Profile

Karat Packaging Inc. is a specialty distributor and manufacturer of a range of disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings across the United States. The Company classifies its customers into four categories. Distributors include national and regional distributors across the United States that purchase its products and provide a channel to offer its products to restaurants, offices, schools, government entities and other end users. National and regional chains include typically fast casual and fast-food restaurants with locations across multiple states. Retail includes primarily regional bubble tea shops, boutique coffee shops and frozen yogurt shops that often purchase its specialty beverage ingredients and related items. E-commerce/Online includes small businesses, such as small restaurants, bubble tea shops, coffee shops, juice bars, smoothie shops and some customers who purchase for personal use.

Sector

Non-Paper Containers & Packaging

Calendar

07/08/2024 - Q2 2024 Earnings Release (Projected)

Related indices

Russell 2000

More about the company

Income Statement Evolution

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Ratings for Karat Packaging Inc.

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

28.72 USD

Average target price

33.67 USD

Spread / Average Target

+17.22%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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