MCBC Holdings, Inc. (NASDAQ:MCFT)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a research note issued to investors on Friday. They currently have a $21.50 price target on the stock. B. Riley’s price objective indicates a potential upside of 19.51% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of MCBC Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of MCBC Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. ValuEngine raised shares of MCBC Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, KeyCorp started coverage on shares of MCBC Holdings in a research report on Wednesday, August 30th. They issued an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $18.25.

Shares of MCBC Holdings (NASDAQ:MCFT) traded down 0.17% during midday trading on Friday, reaching $17.99. 229,892 shares of the company’s stock traded hands. MCBC Holdings has a 1-year low of $10.44 and a 1-year high of $20.22. The firm’s 50-day moving average price is $18.00 and its 200 day moving average price is $17.59. The stock has a market capitalization of $335.30 million, a P/E ratio of 18.60 and a beta of 1.15.

MCBC Holdings (NASDAQ:MCFT) last announced its earnings results on Thursday, September 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. MCBC Holdings had a net margin of 8.56% and a return on equity of 932.25%. The firm had revenue of $58.30 million for the quarter, compared to the consensus estimate of $56.89 million. During the same period in the prior year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities analysts predict that MCBC Holdings will post $1.45 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the business. Monashee Investment Management LLC purchased a new stake in shares of MCBC Holdings in the 3rd quarter valued at approximately $1,425,000. Wells Fargo & Company MN increased its position in shares of MCBC Holdings by 4.5% in the 4th quarter. Wells Fargo & Company MN now owns 492,583 shares of the company’s stock valued at $6,748,000 after purchasing an additional 21,189 shares during the last quarter. Springhouse Capital Management LP increased its position in shares of MCBC Holdings by 100.5% in the 3rd quarter. Springhouse Capital Management LP now owns 1,214,326 shares of the company’s stock valued at $13,843,000 after purchasing an additional 608,568 shares during the last quarter. Oxford Asset Management increased its position in shares of MCBC Holdings by 30.2% in the 4th quarter. Oxford Asset Management now owns 253,113 shares of the company’s stock valued at $3,690,000 after purchasing an additional 58,719 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of MCBC Holdings in the 4th quarter valued at approximately $208,000. 95.46% of the stock is currently owned by institutional investors.

About MCBC Holdings

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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