Mastercraft Boat (NASDAQ:MCFT) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Mastercraft Boat (NASDAQ:MCFT) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks reports.

A number of other research analysts have also commented on MCFT. B. Riley Financial reissued a “neutral” rating and set a $22.00 price objective (down from $25.00) on shares of Mastercraft Boat in a report on Wednesday, September 16th. Robert W. Baird decreased their price objective on shares of Mastercraft Boat from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, September 11th. Truist Financial dropped their target price on shares of Mastercraft Boat from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, October 23rd. Weiss Ratings downgraded shares of Mastercraft Boat from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, September 11th. Finally, Wall Street Zen raised shares of Mastercraft Boat to a “hold” rating in a research report on Saturday, October 10th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mastercraft Boat currently has an average rating of “Reduce” and an average target price of $22.75.

Mastercraft Boat Stock Down 3.2%

MCFT stock opened at $19.85 on Monday. The company has a market capitalization of $480.85 million, a price-to-earnings ratio of -992.00 and a beta of 1.10. The firm has a 50 day moving average of $20.45 and a two-hundred day moving average of $22.48. Mastercraft Boat has a 12 month low of $17.19 and a 12 month high of $28.44.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Tuesday, November 10th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.14. The business had revenue of $154.14 million during the quarter, compared to analyst estimates of $67.19 million. Mastercraft Boat had a negative net margin of 0.48% and a positive return on equity of 11.08%. On average, research analysts expect that Mastercraft Boat will post 1.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Mastercraft Boat

Large investors have recently bought and sold shares of the stock. Royce & Associates LP raised its position in shares of Mastercraft Boat by 5.1% during the third quarter. Royce & Associates LP now owns 432,737 shares of the company’s stock valued at $8,568,000 after buying an additional 20,840 shares during the last quarter. CenterBook Partners LP acquired a new stake in shares of Mastercraft Boat during the 3rd quarter worth about $8,025,000. Inspire Investing LLC raised its stake in shares of Mastercraft Boat by 20.7% in the third quarter. Inspire Investing LLC now owns 32,009 shares of the company’s stock valued at $634,000 after acquiring an additional 5,499 shares during the last quarter. SummerHaven Investment Management LLC acquired a new position in Mastercraft Boat in the third quarter worth $775,000. Finally, State of Alaska Department of Revenue grew its holdings in Mastercraft Boat by 56.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,543 shares of the company’s stock worth $69,000 after acquiring an additional 1,279 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Mastercraft Boat

Here are the key news stories impacting Mastercraft Boat this week:

• Positive Sentiment: For the three months ended October 4, 2026, MCFT earned $0.50 per share, up from $0.28 a year earlier and above analyst estimates of $0.44 in one report ($0.36 in another). Revenue reached $154.1 million, well above the reported $67.19 million consensus estimate; a separate report said revenue rose 123.4%. MCFT Q1 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: The results cover a transition period following MCFT’s May 2026 merger with Marine Products. That expanded business makes comparisons and consensus estimates harder to interpret, so investors may look for more detail on ongoing performance across the combined operations. Company earnings release
• Negative Sentiment: Despite the earnings beat, the company reported a net margin of negative 0.48%, a sign that the strong sales and per-share earnings did not translate into a positive net margin for the period. MasterCraft reports first-quarter results

About Mastercraft Boat

MasterCraft Boat Holdings, Inc. designs, manufactures and sells recreational powerboats. The company serves the premium marine market with boats intended for water sports, cruising, fishing and general leisure use. Its portfolio has included MasterCraft performance ski and wake boats, Crest pontoon boats and Aviara luxury day boats. MasterCraft boats are known for water-sports features such as wake-shaping systems, while the company’s other brands address broader recreational boating needs, including spacious pontoon and luxury day-boat segments.