Karat PackagingKRT
About: Karat Packaging Inc is engaged in the manufacturing and distribution of disposable products used in restaurants and food service settings. It offers products for the foodservice industry, including food packaging, containers, tableware, cups, lids, cutlery, and straws. These products are available in plastic, paper, biopolymer-based and other compostable forms. Its product line includes a variety of brands such as Tea Zone, Karat, Karat Earth, and Total Clean.
Employees: 778
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
67% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 12
9% more funds holding
Funds holding: 93 [Q1] → 101 (+8) [Q2]
9% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 34
5% more capital invested
Capital invested by funds: $147M [Q1] → $154M (+$7.08M) [Q2]
0.33% more ownership
Funds ownership: 25.8% [Q1] → 26.13% (+0.33%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Truist Securities Jake Bartlett 70% 1-year accuracy 39 / 56 met price target | 1%upside $28 | Hold Downgraded | 9 Aug 2024 |