MCBC (NASDAQ:MCFT) had its price objective increased by B. Riley from $24.00 to $28.00 in a research report sent to investors on Monday, Marketbeat.com reports. B. Riley currently has a buy rating on the stock.

MCFT has been the subject of a number of other research reports. Zacks Investment Research downgraded MCBC from a buy rating to a hold rating in a research report on Wednesday, December 13th. Robert W. Baird reiterated a buy rating on shares of MCBC in a research report on Friday, November 10th. KeyCorp started coverage on MCBC in a research report on Wednesday, August 30th. They set an overweight rating for the company. Aegis started coverage on MCBC in a research report on Monday, October 2nd. They set a buy rating and a $26.00 price target for the company. Finally, TheStreet upgraded MCBC from a d+ rating to a b- rating in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. MCBC presently has an average rating of Buy and an average price target of $26.33.

MCBC (NASDAQ MCFT) opened at $23.20 on Monday. MCBC has a 12 month low of $13.67 and a 12 month high of $23.99. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $432.03, a PE ratio of 20.84, a price-to-earnings-growth ratio of 0.98 and a beta of 1.25.

MCBC (NASDAQ:MCFT) last issued its earnings results on Friday, November 10th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The business had revenue of $65.00 million during the quarter, compared to the consensus estimate of $62.84 million. During the same quarter last year, the company earned $0.41 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. equities analysts expect that MCBC will post 1.57 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of MCFT. Hood River Capital Management LLC bought a new stake in shares of MCBC during the 2nd quarter valued at about $8,167,000. AJO LP raised its holdings in shares of MCBC by 253.5% during the 2nd quarter. AJO LP now owns 391,357 shares of the company’s stock valued at $7,651,000 after buying an additional 280,653 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of MCBC by 32.6% during the 2nd quarter. Renaissance Technologies LLC now owns 772,900 shares of the company’s stock valued at $15,110,000 after buying an additional 189,900 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of MCBC by 23.4% during the 1st quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock valued at $15,229,000 after buying an additional 178,652 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of MCBC by 176.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 238,631 shares of the company’s stock valued at $4,665,000 after buying an additional 152,415 shares in the last quarter. Hedge funds and other institutional investors own 93.95% of the company’s stock.

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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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