Mastercraft Boat (NASDAQ:MCFT) Downgraded to Hold Rating by Zacks Research

Key Points

• Zacks Research downgraded Mastercraft Boat (NASDAQ:MCFT) from a strong-buy to a hold; overall analyst consensus is a Hold with an average target price of $23.60 (one Buy, six Holds).
• Mastercraft beat the quarter with $0.29 EPS versus $0.16 expected and $71.76M revenue versus $68.79M, a 13.2% YoY revenue increase, and issued Q3 2026 EPS guidance of 0.350 and FY 2026 guidance of 1.450–1.600.
• Insiders sold 87,841 shares (~$2.07M) in the last three months (including Forager LP’s 26,497-share sale); insiders own 2.50% of the stock while institutional investors hold 97.64%.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Thursday,Zacks.com reports.

A number of other brokerages have also recently issued reports on MCFT. Weiss Ratings restated a "hold (c)" rating on shares of Mastercraft Boat in a report on Friday, March 27th. Loop Capital began coverage on Mastercraft Boat in a report on Monday, December 22nd. They set a "hold" rating and a $21.00 price objective for the company. B. Riley Financial restated a "neutral" rating on shares of Mastercraft Boat in a report on Friday, February 6th. Robert W. Baird set a $28.00 price objective on Mastercraft Boat in a report on Friday, February 6th. Finally, Wall Street Zen upgraded Mastercraft Boat from a "buy" rating to a "strong-buy" rating in a report on Saturday, January 17th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Mastercraft Boat has a consensus rating of "Hold" and an average target price of $23.60.

Mastercraft Boat Stock Down 0.4%

Shares of NASDAQ MCFT opened at $21.52 on Thursday. The business's 50 day moving average price is $21.70 and its two-hundred day moving average price is $20.71. The company has a market cap of $350.45 million, a PE ratio of 22.42 and a beta of 1.06. Mastercraft Boat has a twelve month low of $14.59 and a twelve month high of $26.49.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.13. The firm had revenue of $71.76 million for the quarter, compared to the consensus estimate of $68.79 million. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The business's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. As a group, research analysts anticipate 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 26,497 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $23.50, for a total transaction of $622,679.50. Following the completion of the sale, the insider directly owned 1,611,277 shares in the company, valued at $37,865,009.50. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 87,841 shares of company stock worth $2,069,264 in the last three months. 2.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mastercraft Boat

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC acquired a new stake in Mastercraft Boat in the second quarter valued at about $2,065,000. JPMorgan Chase & Co. grew its position in Mastercraft Boat by 1,252.0% in the third quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company's stock valued at $2,423,000 after acquiring an additional 104,577 shares during the last quarter. Gratia Capital LLC bought a new position in Mastercraft Boat in the second quarter valued at about $4,273,000. Ellsworth Advisors LLC bought a new position in Mastercraft Boat in the fourth quarter valued at about $523,000. Finally, Redmont Wealth Advisors LLC bought a new position in Mastercraft Boat in the third quarter valued at about $596,000. 97.64% of the stock is currently owned by institutional investors.

Mastercraft Boat Company Profile

MasterCraft Boat Holdings, Inc NASDAQ: MCFT is a designer, manufacturer and marketer of high-performance recreational powerboats. The company's portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.

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