Malibu Boats, Inc. (NASDAQ:MBUU)‘s stock had its “neutral” rating reaffirmed by stock analysts at B. Riley in a report released on Friday. They presently have a $25.50 price objective on the stock. B. Riley’s price objective would suggest a potential downside of 2.19% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. BidaskClub lowered Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered Malibu Boats from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine raised Malibu Boats from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BMO Capital Markets reissued a “hold” rating and set a $29.00 price objective on shares of Malibu Boats in a research note on Wednesday, July 5th. Finally, KeyCorp reissued an “overweight” rating and set a $31.00 price objective on shares of Malibu Boats in a research note on Wednesday, August 30th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.42.

Malibu Boats (NASDAQ MBUU) traded down 1.88% during trading on Friday, hitting $26.07. The stock had a trading volume of 331,487 shares. The stock has a market capitalization of $467.44 million, a P/E ratio of 20.86 and a beta of 0.99. The company has a 50-day moving average of $26.97 and a 200-day moving average of $24.35. Malibu Boats has a 52 week low of $13.96 and a 52 week high of $29.50.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $75.11 million during the quarter, compared to analyst estimates of $73.35 million. Malibu Boats had a return on equity of 91.48% and a net margin of 10.06%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. On average, equities analysts expect that Malibu Boats will post $1.86 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the business. ACK Asset Management LLC bought a new stake in Malibu Boats during the fourth quarter worth about $3,794,000. Russell Investments Group Ltd. bought a new stake in Malibu Boats during the fourth quarter worth about $3,251,000. Emerald Mutual Fund Advisers Trust lifted its stake in Malibu Boats by 23.1% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 373,318 shares of the company’s stock worth $6,111,000 after purchasing an additional 69,950 shares during the last quarter. Spark Investment Management LLC lifted its stake in Malibu Boats by 71.2% during the third quarter. Spark Investment Management LLC now owns 65,400 shares of the company’s stock worth $974,000 after purchasing an additional 27,200 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in Malibu Boats during the first quarter worth about $3,688,000.

Malibu Boats Company Profile

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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