Karat Packaging (KRT)
Supplies disposable cups, lids, and eco-friendly packaging to restaurant chains and boba shops nationwide.
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Supplies disposable cups, lids, containers, and other foodservice packaging to restaurants, cafes, and retailers, pairing imported goods with select US manufacturing and a compostable-alternatives line established well before eco-friendly packaging became standard. Sourcing has shifted from China toward Taiwan and Southeast Asia as tariffs reshaped costs.
Distributes and, on a smaller scale, manufactures disposable foodservice packaging -- cups, lids, containers, cutlery, straws, and gloves -- for restaurants, cafes, and retail chains under an in-house brand. A companion eco-friendly line of compostable alternatives, launched years before compostable packaging became a mainstream expectation, sits alongside a bubble-tea ingredients brand and a separate janitorial-supplies line.
Products reach customers through wholesale distributors, national restaurant chains, independent retail shops, and a direct e-commerce storefront alongside major online marketplaces. The business grew out of a bubble-tea cafe chain that was later sold off, and its founders still run the company day to day.
Sourcing has shifted from China toward Taiwan and Southeast Asia as import tariffs became a persistent cost pressure, supplemented by select US manufacturing and a network of distribution centers across the country.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Lake Street | Reiterate | Rating: —Target: $39 | Target: $60 |
| Jun 4, 2026 | William Blair | Upgrade | ||
| May 8, 2026 | Lake Street | Target | Target: — | Target: $39 |
| Mar 13, 2026 | Piper Sandler | Target | Target: — | Target: $24 |
| Nov 17, 2025 | B of A Securities | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $54.1M · Total debt $72.7M · Total assets $316.8M · Shareholders' equity $166.5M
- Revenue
- $136.3M
- Operating income
- $37.6M
- Net income
- $29.3M
HistoryDividendAnnual yield
| Institutions | ≈ 35.66% | 7.12M shares | |
|---|---|---|---|
| 144 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 57.28% | 11.44M shares | |
| 7 holders · as of Sep 8, 2026 | |||
| Other | ≈ 7.06% | 1.41M shares | |
| remainder | |||
19.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Alan YuInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 30.54% | 6.10M | filed May 15, 2026 |
Marvin ChengInsider10 percent owner, officer: VP-Manufacturing, Secy | 26.31% | 5.25M | filed Sep 8, 2026 |
BlackRock, Inc.Institution | 2.97% | 592,941 | as of Jun 30, 2026 |
Acadian Asset Management LLCInstitution | 2.07% | 414,238 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 1.95% | 390,162 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 8, 2026 | Marvin Cheng | 10 percent owner, officer: VP-Manufacturing, Secy | −2,000 | $48.50 |
| Sep 4, 2026 | Marvin Cheng | 10 percent owner, officer: VP-Manufacturing, Secy | −4,000 | $48.38 |
| Sep 1, 2026 | Marvin Cheng | 10 percent owner, officer: VP-Manufacturing, Secy | −2,000 | $47.75 |
| Aug 20, 2026 | Marvin Cheng | 10 percent owner, officer: VP-Manufacturing, Secy | −4,500 | $47.33 |
| Nov 12, 2025 | Jian Guo | director, officer: Chief Financial Officer | +1,361 | $22.11 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Karat Packaging | $51.21 | +1.18% | $1.01B | 20.2 | 26.7 | 2.0 | +9.9% |
| Sysco | $78.74 | +0.39% | $37.50B | 21.4 | 15.6 | 0.4 | +4.7% |
| Amcor | $42.83 | +1.61% | $19.49B | — | 9.9 | — | +25.9% |
| Graphic Packaging | $9.55 | +3.19% | $2.74B | 14.0 | 10.3 | 0.3 | −0.7% |
| Median | 17.7 | 10.3 | 0.4 | +4.7% |