MCBC (NASDAQ:MCFT) had its target price upped by B. Riley from $24.00 to $28.00 in a research note issued on Monday. The firm presently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 25.39% from the stock’s current price.

MCFT has been the subject of several other reports. Zacks Investment Research raised shares of MCBC from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Thursday, November 9th. Robert W. Baird reaffirmed a “buy” rating on shares of MCBC in a research note on Friday, November 10th. KeyCorp initiated coverage on shares of MCBC in a research note on Wednesday, August 30th. They issued an “overweight” rating for the company. Aegis initiated coverage on shares of MCBC in a research note on Monday, October 2nd. They issued a “buy” rating and a $26.00 price target for the company. Finally, TheStreet raised shares of MCBC from a “d+” rating to a “b-” rating in a research note on Thursday, September 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $26.33.

Shares of MCBC (NASDAQ MCFT) traded up $0.25 during midday trading on Monday, reaching $22.33. 203,600 shares of the company were exchanged, compared to its average volume of 154,149. MCBC has a fifty-two week low of $13.67 and a fifty-two week high of $23.99. The company has a market capitalization of $417.08, a P/E ratio of 20.12, a PEG ratio of 0.95 and a beta of 1.25. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.51.

MCBC (NASDAQ:MCFT) last posted its quarterly earnings results on Friday, November 10th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The firm had revenue of $65.00 million during the quarter, compared to the consensus estimate of $62.84 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. analysts anticipate that MCBC will post 1.57 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in shares of MCBC by 55.3% during the third quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock valued at $154,000 after buying an additional 2,700 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in shares of MCBC during the second quarter valued at about $223,000. Trexquant Investment LP acquired a new position in shares of MCBC during the third quarter valued at about $280,000. Nationwide Fund Advisors grew its holdings in shares of MCBC by 222.1% during the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock valued at $273,000 after buying an additional 9,632 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of MCBC by 174.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock valued at $326,000 after buying an additional 10,611 shares during the last quarter. 93.95% of the stock is owned by hedge funds and other institutional investors.

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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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