MCBC (MCFT) Upgraded at Zacks Investment Research

MCBC (MCFT) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of MCBC (NASDAQ:MCFT) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $28.00 price target on the stock.

According to Zacks, “MCBC Holdings, Inc. is a designer, manufacturer and marketer of MasterCraft brand premium performance sport boats. The Company offers water skiing, wakeboarding and luxury performance powerboats. MCBC Holdings, Inc. is headquartered Vonore, United States. “

Several other research firms have also recently commented on MCFT. B. Riley restated a buy rating and set a $24.00 price target on shares of MCBC in a research note on Friday, November 10th. Robert W. Baird restated a buy rating on shares of MCBC in a research note on Friday, November 10th. ValuEngine cut MCBC from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, BidaskClub cut MCBC from a buy rating to a hold rating in a research note on Thursday, December 14th. Seven analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus price target of $28.06.

Shares of MCBC (NASDAQ MCFT) opened at $25.16 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 3.29. MCBC has a 52 week low of $14.63 and a 52 week high of $28.62. The firm has a market capitalization of $464.92, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 0.93 and a beta of 1.25.

MCBC (NASDAQ:MCFT) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.09. MCBC had a return on equity of 149.34% and a net margin of 9.07%. The company had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $74.65 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. equities research analysts expect that MCBC will post 1.79 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Chicago Equity Partners LLC raised its stake in shares of MCBC by 8.6% during the third quarter. Chicago Equity Partners LLC now owns 80,750 shares of the company’s stock worth $1,646,000 after purchasing an additional 6,410 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of MCBC by 222.1% during the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after purchasing an additional 9,632 shares during the last quarter. Northern Trust Corp raised its stake in shares of MCBC by 105.9% during the second quarter. Northern Trust Corp now owns 204,206 shares of the company’s stock worth $3,993,000 after purchasing an additional 105,026 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of MCBC by 7.0% during the third quarter. Wells Fargo & Company MN now owns 529,091 shares of the company’s stock worth $10,783,000 after purchasing an additional 34,401 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of MCBC by 96.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,900 shares of the company’s stock worth $585,000 after purchasing an additional 14,700 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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MCBC Company Profile

MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.

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Zacks Investment Research upgraded shares of MCBC (NASDAQ:MCFT) from a hold rating to a buy rating in a report released on Wednesday. The firm currently has $28.00 target price on the stock.

According to Zacks, “MCBC Holdings, Inc. is a designer, manufacturer and marketer of MasterCraft brand premium performance sport boats. The Company offers water skiing, wakeboarding and luxury performance powerboats. MCBC Holdings, Inc. is headquartered Vonore, United States. “

Several other research firms have also recently issued reports on MCFT. Robert W. Baird increased their price objective on MCBC from $24.00 to $29.00 and gave the stock an outperform rating in a research report on Friday, February 9th. B. Riley increased their price objective on MCBC from $28.00 to $29.25 and gave the stock a buy rating in a research report on Friday, February 9th. BidaskClub raised MCBC from a hold rating to a buy rating in a report on Friday, January 26th. Finally, ValuEngine raised MCBC from a hold rating to a buy rating in a report on Friday, February 2nd. Seven investment analysts have rated the stock with a buy rating, MCBC has an average rating of Buy and a consensus target price of $28.06.

MCBC (NASDAQ:MCFT) opened at $25.16 on Wednesday. The stock has a market capitalization of $464.92, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 0.93 and a beta of 1.25. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.62 and a quick ratio of 0.51. MCBC has a 52-week low of $14.63 and a 52-week high of $28.62.

MCBC (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.09. The firm had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $74.65 million. MCBC had a return on equity of 149.34% and a net margin of 9.07%. MCBC’s revenue was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. equities analysts expect that MCBC will post 1.79 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of MCFT. Russell Investments Group Ltd. grew its holdings in MCBC by 55.3% in the third quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock valued at $154,000 after purchasing an additional 2,700 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in MCBC in the fourth quarter valued at $205,000. Ellington Management Group LLC acquired a new stake in MCBC in the fourth quarter valued at $227,000. Nationwide Fund Advisors grew its holdings in MCBC by 222.1% in the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock valued at $273,000 after purchasing an additional 9,632 shares during the last quarter. Finally, CAPROCK Group Inc. acquired a new stake in MCBC in the fourth quarter valued at $279,000. 97.15% of the stock is currently owned by institutional investors.

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About MCBC

MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.

Get a free copy of the Zacks research report on MCBC (MCFT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for MCBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCBC and related companies with MarketBeat.com's FREE daily email newsletter.

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