Mastercraft Boat (NASDAQ:MCFT) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Mastercraft Boat (NASDAQ:MCFT) from a strong-buy rating to a buy rating in a report published on Saturday.

A number of other brokerages also recently issued reports on MCFT. Zacks Research downgraded shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Robert W. Baird lifted their target price on Mastercraft Boat from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mastercraft Boat in a research report on Monday, December 8th. Raymond James Financial increased their price target on Mastercraft Boat from $21.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Finally, B. Riley lifted their price objective on Mastercraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.00.

Mastercraft Boat Stock Down 0.1%

Shares of Mastercraft Boat stock opened at $18.90 on Friday. The company has a market capitalization of $307.88 million, a price-to-earnings ratio of 19.48 and a beta of 1.09. The stock’s 50-day simple moving average is $19.66 and its 200-day simple moving average is $20.02. Mastercraft Boat has a 52 week low of $14.39 and a 52 week high of $23.93.

Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.The company had revenue of $69.00 million for the quarter, compared to the consensus estimate of $66.96 million. During the same quarter last year, the company earned $0.12 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. On average, equities analysts expect that Mastercraft Boat will post 0.62 earnings per share for the current year.

Insider Buying and Selling

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 58,066 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $20.37, for a total value of $1,182,804.42. Following the sale, the insider owned 1,699,928 shares in the company, valued at $34,627,533.36. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 103,857 shares of company stock valued at $2,121,382. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Forager Capital Management LLC increased its stake in Mastercraft Boat by 6.2% in the 2nd quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after buying an additional 105,280 shares during the period. Systematic Financial Management LP grew its stake in Mastercraft Boat by 0.7% in the 1st quarter. Systematic Financial Management LP now owns 1,078,836 shares of the company’s stock worth $18,578,000 after acquiring an additional 7,412 shares in the last quarter. American Century Companies Inc. increased its position in shares of Mastercraft Boat by 7.3% during the second quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock worth $10,000,000 after acquiring an additional 36,569 shares during the period. Wellington Management Group LLP increased its position in shares of Mastercraft Boat by 10.4% during the first quarter. Wellington Management Group LLP now owns 259,869 shares of the company’s stock worth $4,475,000 after acquiring an additional 24,445 shares during the period. Finally, Royce & Associates LP raised its stake in shares of Mastercraft Boat by 11.4% during the third quarter. Royce & Associates LP now owns 256,702 shares of the company’s stock valued at $5,509,000 after acquiring an additional 26,186 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.