Wall Street Zen Downgrades Mastercraft Boat (NASDAQ:MCFT) to Buy

Mastercraft Boat (NASDAQ:MCFT) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Monday.

Several other research analysts also recently commented on MCFT. Weiss Ratings reiterated a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 22nd. Truist Financial set a $21.00 price target on Mastercraft Boat in a research report on Friday, October 24th. Loop Capital assumed coverage on Mastercraft Boat in a research note on Monday, December 22nd. They issued a “hold” rating and a $21.00 price objective on the stock. Zacks Research cut Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Seaport Res Ptn upgraded Mastercraft Boat to a “hold” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.67.

Mastercraft Boat Stock Performance

Shares of MCFT stock opened at $19.22 on Monday. The stock’s 50 day simple moving average is $19.38 and its 200 day simple moving average is $20.14. Mastercraft Boat has a twelve month low of $14.39 and a twelve month high of $23.93. The company has a market capitalization of $313.09 million, a price-to-earnings ratio of 19.81 and a beta of 1.09.

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

Insider Transactions at Mastercraft Boat

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 58,066 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 1,699,928 shares in the company, valued at approximately $34,627,533.36. This trade represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Coliseum Capital Management, L acquired 25,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were purchased at an average cost of $19.66 per share, for a total transaction of $491,500.00. Following the acquisition, the insider directly owned 3,697,422 shares in the company, valued at $72,691,316.52. This represents a 0.68% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 134,807 shares of company stock worth $2,649,367 and have sold 103,857 shares worth $2,121,382. 2.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Forager Capital Management LLC boosted its stake in Mastercraft Boat by 6.2% during the second quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after buying an additional 105,280 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Mastercraft Boat by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock worth $10,000,000 after acquiring an additional 36,569 shares during the period. Royce & Associates LP lifted its holdings in shares of Mastercraft Boat by 11.4% during the 3rd quarter. Royce & Associates LP now owns 256,702 shares of the company’s stock worth $5,509,000 after acquiring an additional 26,186 shares during the period. Gratia Capital LLC acquired a new stake in shares of Mastercraft Boat during the 2nd quarter valued at about $4,273,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Mastercraft Boat by 212.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock valued at $4,739,000 after acquiring an additional 150,125 shares during the period. 97.64% of the stock is 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.