B. Riley cut shares of Malibu Boats, Inc. (NASDAQ:MBUU) from a buy rating to a neutral rating in a research note issued to investors on Monday morning, Marketbeat.com reports. B. Riley currently has $25.25 target price on the stock, down from their prior target price of $26.00.

Several other brokerages have also recently issued reports on MBUU. BidaskClub cut Malibu Boats from a strong-buy rating to a buy rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded Malibu Boats from a hold rating to a buy rating and set a $26.00 price objective for the company in a research note on Tuesday, May 9th. ValuEngine upgraded Malibu Boats from a hold rating to a buy rating in a research note on Friday, June 2nd. BMO Capital Markets reiterated a hold rating and issued a $22.00 price objective on shares of Malibu Boats in a research note on Thursday, May 4th. Finally, Wunderlich cut Malibu Boats from a buy rating to a hold rating and set a $23.00 price objective for the company. in a research note on Wednesday, May 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $25.25.

Malibu Boats (MBUU) opened at 26.60 on Monday. The company has a market capitalization of $476.94 million, a price-to-earnings ratio of 21.28 and a beta of 0.98. Malibu Boats has a 52 week low of $12.91 and a 52 week high of $29.50. The company has a 50 day moving average of $27.39 and a 200 day moving average of $24.02.

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Several institutional investors have recently made changes to their positions in MBUU. JPMorgan Chase & Co. boosted its position in shares of Malibu Boats by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 1,896,766 shares of the company’s stock valued at $42,582,000 after buying an additional 27,494 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Malibu Boats by 12.9% in the first quarter. Macquarie Group Ltd. now owns 1,273,917 shares of the company’s stock valued at $28,599,000 after buying an additional 145,160 shares during the last quarter. Vanguard Group Inc. boosted its stake in Malibu Boats by 10.7% in the second quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock valued at $23,120,000 after buying an additional 86,128 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Malibu Boats by 1.9% in the second quarter. Lord Abbett & CO. LLC now owns 873,928 shares of the company’s stock valued at $22,609,000 after buying an additional 16,256 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Malibu Boats by 28.5% in the second quarter. Dimensional Fund Advisors LP now owns 483,670 shares of the company’s stock valued at $12,513,000 after buying an additional 107,413 shares during the last quarter.

About Malibu Boats

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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