MCBC Holdings Inc (MCFT) Receives Consensus Recommendation of “Buy” from Analysts

Shares of MCBC Holdings Inc (NASDAQ:MCFT) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $26.00.

MCFT has been the subject of several research analyst reports. Zacks Investment Research lowered shares of MCBC from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. B. Riley raised their price target on shares of MCBC from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. Robert W. Baird restated a “buy” rating on shares of MCBC in a research note on Friday, November 10th. BidaskClub lowered shares of MCBC from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, ValuEngine lowered shares of MCBC from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in MCBC by 55.3% in the 3rd 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 in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in MCBC in the 2nd quarter valued at approximately $223,000. Nationwide Fund Advisors grew its stake in MCBC by 222.1% in 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 in the last quarter. CAPROCK Group Inc. purchased a new position in MCBC in the 4th quarter valued at approximately $279,000. Finally, Trexquant Investment LP purchased a new position in MCBC in the 3rd quarter valued at approximately $280,000. Institutional investors and hedge funds own 96.63% of the company’s stock.

Shares of MCBC (MCFT) opened at $22.75 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.78. MCBC has a one year low of $13.94 and a one year high of $24.89. The stock has a market cap of $419.14, a P/E ratio of 21.46, a PEG ratio of 0.95 and a beta of 1.25.

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

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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.

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