MCBC’s (MCFT) Buy Rating Reiterated at B. Riley

MCBC (NASDAQ:MCFT)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a research report issued on Monday.

A number of other brokerages also recently weighed in on MCFT. BidaskClub upgraded MCBC from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine downgraded MCBC from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded MCBC from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, November 9th. Robert W. Baird restated a “buy” rating on shares of MCBC in a report on Friday, November 10th. Finally, Aegis began coverage on MCBC in a report on Monday, October 2nd. They set a “buy” rating and a $26.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.33.

Shares of MCBC (NASDAQ MCFT) traded up $0.11 during midday trading on Monday, hitting $24.24. The company had a trading volume of 65,439 shares, compared to its average volume of 162,759. The company has a market capitalization of $450.71, a PE ratio of 22.81, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. MCBC has a 52 week low of $13.67 and a 52 week high of $24.89.

MCBC (NASDAQ:MCFT) last announced its quarterly earnings results on Friday, November 10th. The company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $65.00 million for the quarter, compared to analyst estimates of $62.84 million. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. research analysts anticipate that MCBC will post 1.58 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in MCBC by 55.3% in the third quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock worth $154,000 after purchasing an additional 2,700 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of MCBC during the 2nd quarter valued at $223,000. Nationwide Fund Advisors lifted its position in shares of MCBC by 222.1% during the 2nd 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. CAPROCK Group Inc. purchased a new position in shares of MCBC during the 4th quarter valued at $279,000. Finally, Trexquant Investment LP purchased a new position in shares of MCBC during the 3rd quarter valued at $280,000. 96.63% of the stock is currently owned by institutional investors and hedge funds.

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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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