MCBC (NASDAQ:MCFT) had its price objective increased by stock analysts at Robert W. Baird from $24.00 to $29.00 in a report released on Friday. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 10.14% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. B. Riley reissued a “buy” rating and issued a $24.00 target price on shares of MCBC in a research note on Friday, November 10th. Zacks Investment Research raised shares of MCBC from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, November 9th. ValuEngine raised shares of MCBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, BidaskClub raised shares of MCBC from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $27.00.

MCBC (MCFT) traded up $4.08 during midday trading on Friday, hitting $26.33. 154,987 shares of the stock were exchanged, compared to its average volume of 164,227. 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 12 month low of $13.94 and a 12 month high of $26.75. The firm has a market capitalization of $424.93, a P/E ratio of 24.86, a PEG ratio of 0.96 and a beta of 1.25.

MCBC (NASDAQ:MCFT) last released its earnings results on Thursday, February 8th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The business had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $74.65 million. During the same period last year, the business earned $0.26 earnings per share. The firm’s revenue was up 53.4% on a year-over-year basis. sell-side analysts predict that MCBC will post 1.58 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in shares of MCBC by 55.3% in the third quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock valued at $154,000 after acquiring an additional 2,700 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in shares of MCBC in the second quarter valued at about $223,000. Nationwide Fund Advisors boosted its position in shares of MCBC by 222.1% in the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock valued at $273,000 after acquiring an additional 9,632 shares during the period. CAPROCK Group Inc. bought a new stake in shares of MCBC in the fourth quarter valued at about $279,000. Finally, Trexquant Investment LP bought a new stake in shares of MCBC in the third quarter valued at about $280,000. 96.63% of the stock is owned by hedge funds and other institutional investors.

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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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