Mastercraft Boat (NASDAQ:MCFT) Downgraded to Buy Rating by 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 issued on Saturday morning.

A number of other equities research analysts have also recently issued reports on the stock. B. Riley boosted their target price on shares of Mastercraft Boat from $17.00 to $23.00 and gave the company 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. Truist Financial set a $21.00 price objective on Mastercraft Boat in a research note on Friday, October 24th. Raymond James Financial raised their target price on Mastercraft Boat from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Finally, Zacks Research cut Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.00.

Mastercraft Boat Stock Performance

Shares of Mastercraft Boat stock opened at $18.92 on Friday. The stock has a market capitalization of $308.21 million, a P/E ratio of 19.51 and a beta of 1.09. Mastercraft Boat has a 52-week low of $14.39 and a 52-week high of $23.93. The stock’s 50-day simple moving average is $19.70 and its 200 day simple moving average is $19.98.

Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The firm had revenue of $69.00 million during the quarter, compared to analyst estimates of $66.96 million. During the same quarter last year, the business earned $0.12 earnings per share. The company’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. Equities research analysts forecast that Mastercraft Boat will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 58,066 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $34,627,533.36. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 103,857 shares of company stock valued at $2,121,382. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in Mastercraft Boat by 38.9% in the third quarter. Bank of America Corp DE now owns 30,561 shares of the company’s stock valued at $656,000 after purchasing an additional 8,551 shares in the last quarter. Algert Global LLC bought a new position in shares of Mastercraft Boat in the 3rd quarter worth $288,000. Alliancebernstein L.P. increased its holdings in shares of Mastercraft Boat by 274.0% in the 3rd quarter. Alliancebernstein L.P. now owns 65,890 shares of the company’s stock worth $1,414,000 after buying an additional 48,270 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Mastercraft Boat during the 3rd quarter valued at $553,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Mastercraft Boat by 212.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after acquiring an additional 150,125 shares during 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.