Mastercraft Boat's (MCFT) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• Mastercraft Boat's stock rating has been reiterated as a "hold (C-)" by Weiss Ratings, while other analysts have given it varying ratings, including a recent upgrade to "strong-buy" by Wall Street Zen.
• The company reported earnings of $0.40 EPS for the last quarter, exceeding analysts' expectations, and its quarterly revenue increased by 46.4% year-over-year.
• Mastercraft Boat's stock is currently priced at $20.69, with a market cap of $337.04 million and an average price target of $22.20 from analysts.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report)'s stock had its "hold (c-)" rating restated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other analysts have also recently issued reports on MCFT. Wall Street Zen upgraded Mastercraft Boat from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Robert W. Baird increased their target price on Mastercraft Boat from $20.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. 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 increased their price target on Mastercraft Boat from $17.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Mastercraft Boat currently has an average rating of "Hold" and a consensus target price of $22.20.

Mastercraft Boat Stock Up 1.8%

Shares of MCFT opened at $20.69 on Wednesday. The business has a 50-day simple moving average of $21.30 and a two-hundred day simple moving average of $18.98. The stock has a market cap of $337.04 million, a price-to-earnings ratio of 47.02 and a beta of 0.97. Mastercraft Boat has a 52 week low of $14.39 and a 52 week high of $23.93.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. Mastercraft Boat had a return on equity of 7.01% and a net margin of 2.48%.The business had revenue of $79.52 million during the quarter, compared to analysts' expectations of $70.45 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. The business's quarterly revenue was up 46.4% on a year-over-year basis. Mastercraft Boat has set its FY 2026 guidance at 1.150-1.40 EPS. Q1 2026 guidance at 0.160-0.160 EPS. On average, equities analysts anticipate that Mastercraft Boat will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mastercraft Boat

Several institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC bought a new stake in shares of Mastercraft Boat in the 2nd quarter valued at approximately $2,065,000. State of Wyoming bought a new stake in shares of Mastercraft Boat in the 2nd quarter valued at approximately $61,000. Gratia Capital LLC bought a new stake in shares of Mastercraft Boat in the 2nd quarter valued at approximately $4,273,000. Bridgeway Capital Management LLC lifted its stake in shares of Mastercraft Boat by 6.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 147,582 shares of the company's stock valued at $2,742,000 after purchasing an additional 8,368 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Mastercraft Boat by 18.0% during the 2nd quarter. Quantinno Capital Management LP now owns 16,327 shares of the company's stock worth $303,000 after acquiring an additional 2,496 shares during the last quarter. 97.64% of the stock is owned by institutional investors.

Mastercraft Boat Company Profile

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.

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