MCBC Holdings (MCFT) Gets a Buy Rating from B.Riley FBR

B.Riley FBR analyst Eric Wold reiterated a Buy rating on MCBC Holdings (MCFT) today and set a price target of $43. The company’s shares closed yesterday at $33.61.

Wold said:

“After the close on Holdings (MCFT) reported 1Q19 results that exceeded our above-consensus estimates for both net sales and adjusted EPS—driven by continued impressive demand for the core MasterCraft brand along with improving contributions from the NauticStar brand. As previewed in our 10/16 industry note, we expected the combination of 1) healthy underlying consumer demand trends within the Ski/Wake boat segment; 2) positive industry channel checks that refuted the confusing/disappointing industry data released by Statistical Surveys (SSI) in recent months; and 3) healthy channel inventory levels to drive upside to the quarter’s results.”

According to, Wold is a 4-star analyst with an average return of 6.4% and a 48.4% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.

MCBC Holdings has an analyst consensus of Strong Buy, with a price target consensus of $42.50.

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MCBC Holdings’ market cap is currently $627.9M and has a P/E ratio of 15.85. The company has a Price to Book ratio of 11.96.

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MCBC Holdings, Inc. engages in the design, manufacture, and sale of boats. It operates through the MasterCraft and NauticStar segment. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities.