In one aspect, the present invention provides a foldable food tray that includes first and second panels, each having upper and lower surfaces and inner, outer, and side edges. Each panel can also include one or more hinge members and one or more locking members. The hinge member(s) can be operatively coupled to one another to permit the first and second panels to move between a closed position and an open position. The locking member(s) can be configured to releasably lock the first and second panels in the open position, thereby preventing the first and second panels from inadvertently moving from the open position.