lollicup usa domestically manufactures & distributes karat® paper & plastic disposable foodservice products, and tea zone® coffee & beverage supplies for thousands of retail business accounts, including several fortune 500 restaurant franchises. founded in 2000 by alan yu and marvin cheng, lollicup usa began with the opening of our first bubble tea café in san gabriel, ca, bringing the popular taiwanese boba milk tea to the u.s. market. by 2004, over 60 stores were opened across six states. with two new locations in chengdu, china, we are currently updating our existing locations and plan on opening additional stores in the near future, expanding overseas into europe and the middle east. to maintain consistent quality for our retail stores, lollicup usa established two brands, tea zone® and karat®, in 2001 and 2004 respectively. tea zone™ offers high-quality bubble tea & beverage ingredients, while karat® provides premium paper & plastic disposable goods. while expanding our company, w
Company profile
Ticker
KRT
Exchange
Website
CEO
Alan Yu
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
832237832
KRT stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
15 Mar 24
8-K
Karat Packaging Reports Fourth Quarter and Full Year 2023 Financial Results
14 Mar 24
8-K
Karat Packaging Announces New Distribution Center in Arizona
15 Feb 24
8-K
Karat Packaging Board Declares Increase in Quarterly Cash Dividend
8 Feb 24
8-K
Karat Packaging Reports 2023 Third Quarter Financial Results
9 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Departure of Directors or Certain Officers
11 Oct 23
8-K
Karat Packaging Inc. Announces Proposed Secondary Offering of Common Stock
12 Sep 23
424B3
Prospectus supplement
8 Sep 23
424B3
Prospectus supplement
7 Sep 23
Transcripts
KRT
Earnings call transcript
2023 Q4
14 Mar 24
KRT
Earnings call transcript
2023 Q3
9 Nov 23
KRT
Earnings call transcript
2023 Q2
9 Aug 23
KRT
Earnings call transcript
2023 Q1
10 May 23
KRT
Earnings call transcript
2022 Q4
16 Mar 23
KRT
Earnings call transcript
2022 Q3
10 Nov 22
KRT
Earnings call transcript
2022 Q2
12 Aug 22
KRT
Earnings call transcript
2022 Q1
14 May 22
KRT
Earnings call transcript
2021 Q4
24 Mar 22
KRT
Earnings call transcript
2021 Q3
12 Nov 21
Latest ownership filings
4
Jian Guo
14 Mar 24
4
Alan Yu
14 Mar 24
4
Daniel Quire
14 Mar 24
5
Joanne Tzu Jung Wang
14 Feb 24
4
Jian Guo
8 Feb 24
4
Jian Guo
2 Feb 24
144
Notice of proposed sale of securities
28 Nov 23
144
Notice of proposed sale of securities
20 Nov 23
4
Joanne Tzu Jung Wang
19 Oct 23
4
Daniel Quire
19 Oct 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Institutional ownership, Q3 2023
22.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 80 |
Opened positions | 34 |
Closed positions | 5 |
Increased positions | 22 |
Reduced positions | 18 |
13F shares | Current |
---|---|
Total value | 99.07 bn |
Total shares | 4.58 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Wellington Management | 572.94 k | $13.21 bn |
AMP Ameriprise Financial | 381.71 k | $8.80 bn |
Wasatch Advisors | 349.68 k | $8.06 bn |
American Century Companies | 348.41 k | $8.03 bn |
Vanguard | 333.15 k | $7.68 bn |
BLK Blackrock | 295.70 k | $6.82 bn |
Gratia Capital | 265.00 k | $6.11 bn |
Acadian Asset Management | 183.62 k | $4.23 mm |
Kornitzer Capital Management | 169.09 k | $3.90 bn |
Geode Capital Management | 120.85 k | $2.79 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Mar 24 | Jian Guo | RSU Common Stock | Grant | Acquire A | No | No | 0 | 24,000 | 0.00 | 24,000 |
12 Mar 24 | Alan Yu | RSU Common Stock | Grant | Acquire A | No | No | 0 | 24,000 | 0.00 | 24,000 |
12 Mar 24 | Daniel Quire | RSU Common Stock | Grant | Acquire A | No | No | 0 | 24,000 | 0.00 | 24,000 |
1 Feb 24 | Jian Guo | Common Stock | Option exercise | Acquire M | No | No | 0 | 3,750 | 0.00 | 9,552 |
1 Feb 24 | Jian Guo | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 3,750 | 0.00 | 0 |
28 Nov 23 | Joanne Tzu Jung Wang | Common Stock | Sell | Dispose S | No | No | 21.4045 | 11,578 | 247.82 k | 0 |
21 Nov 23 | Joanne Tzu Jung Wang | Common Stock | Sell | Dispose S | No | No | 21.3577 | 7,761 | 165.76 k | 11,578 |
20 Nov 23 | Joanne Tzu Jung Wang | Common Stock | Sell | Dispose S | No | No | 21.4394 | 4,239 | 90.88 k | 19,339 |
News
12 Industrials Stocks Moving In Friday's Intraday Session
15 Mar 24
Truist Securities Maintains Buy on Karat Packaging, Raises Price Target to $33
15 Mar 24
Stifel Reiterates Buy on Karat Packaging, Raises Price Target to $32
15 Mar 24
Karat Packaging: Q4 Earnings Insights
14 Mar 24
Karat Packaging Q4 2023 Adj EPS $0.24 Misses $0.41 Estimate, Sales $95.582M Beat $95.483M Estimate
14 Mar 24