Truist initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $25.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/2/2025 | Outperform → Mkt Perform | William Blair | |
| 8/9/2024 | $34.00 → $28.00 | Buy → Hold | Truist |
| 1/4/2023 | $22.00 | Buy | Lake Street |
CHINO, Calif., June 10, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced the pricing of its previously announced underwritten secondary offering of 1,500,000 shares of Karat's common stock by certain members of the Company's management team (collectively, the "Selling Stockholders") at a price of $27.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 225,000 shares of Karat's common stock from the Selling Stockholders. The offering is expected to close on June 12, 2025, subject to the satisfaction
CHINO, Calif., June 10, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced the commencement of a proposed underwritten public offering of 1,500,000 shares of Karat's common stock by certain members of the Company's management team (the "Selling Stockholders"). The Selling Stockholders will also grant the underwriter a 30-day option to purchase up to an additional 225,000 shares of Karat's common stock offered in the offering from the Selling Stockholders. Karat is not offering any shares of its common stock in this offering and will not receive
CHINO, Calif., May 21, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that it will participate in two investor conferences in June. Management will conduct one-on-one meetings with investors during both conferences. On June 3, 2025, Karat's Chief Executive Officer, Alan Yu, and Chief Financial Officer, Jian Guo, will participate at the Stifel 2025 Cross Sector Insight Conference, taking place at the InterContinental Boston Hotel. On June 4, 2025, Mr. Yu and Ms. Guo will participate at the 45th Annual William Blair Growth Stock Conference, taking place at t
William Blair downgraded Karat Packaging from Outperform to Mkt Perform
Truist downgraded Karat Packaging from Buy to Hold and set a new price target of $28.00 from $34.00 previously
Lake Street initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $22.00
— Strong revenue growth and well-positioned ahead of the global trade uncertainty — CHINO, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) ("Karat" or the "Company"), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2025 first quarter ended March 31, 2025. First Quarter 2025 Highlights Net sales of $103.6 million, up 8.4 percent, from $95.6 million in the prior-year quarter.Gross profit of $40.8 million, up 8.4 percent, from $37.6 million in prior-year quarter.Gross margin of 39.3 percent, consistent with the prior-year quarter.Net income of
CHINO, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors approved a regular quarterly dividend of $0.45 per share on the Company's common stock. The dividend is payable on or about May 23, 2025, to stockholders of record as of May 16, 2025. About Karat Packaging Inc. Karat Packaging Inc. is a specialty distributor and manufacturer of a wide range of disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings throughout the
CHINO, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. ("Karat" or the "Company") (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2025 first quarter financial results after market close on Thursday, May 8, 2025. The Company will host an investor conference call on the same day. Call Date: Thursday, May 8, 2025Time: 2:00 p.m. PT/5:00 p.m. ETPhone: 877-418-4045 (domestic); 412-317-6745 (international)Conference ID: Karat Packaging Inc.Webcast: Accessible at https://irkarat.com/events-presentations/; archive available for approximately one year Abou
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CHINO, Calif., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced the appointment of its Chief Financial Officer, Jian Guo, to the board of directors, effective immediately, filling a vacant seat. Ms. Guo will continue in her role as Chief Financial Officer. Ms. Guo joined Karat in February 2022 with deep experience in the public company marketplace. Previously, she was senior vice president and corporate controller at Resources Connection, Inc., a Nasdaq-listed global consulting firm, and was senior director, financial reporting, at
CHINO, Calif., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its Chief Operating Officer, Joanne Wang, will retire as an officer effective December 1, 2023. Wang also will relinquish her seat on the Company's five-person board, which will remain vacant until a successor is appointed. "Joanne was among Karat's first employees and played an instrumental role in the Company's growth and development over the past twenty-plus years," said Alan Yu, Chief Executive Officer. "Joanne's dedication, mentorship, and distinguished contrib
CHINO, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced the appointment of Jian Guo as chief financial officer, effective immediately. Ms. Guo succeeds Peter Lee, who has served as interim CFO since October 2021, and will stay on through March 31, 2022, as an advisor to the company to ensure an orderly transition. Prior to joining Karat Packaging, Ms. Guo was senior vice president and corporate controller at Resources Connection, Inc., a Nasdaq-listed global consulting firm, and was senior director, financial reporting at Newe
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10-Q - Karat Packaging Inc. (0001758021) (Filer)
8-K - Karat Packaging Inc. (0001758021) (Filer)