Build-A-Bear Workshop (BBW) Rating Lowered to Strong Sell at ValuEngine

Build-A-Bear Workshop (NYSE:BBW) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday, June 1st.

Separately, Zacks Investment Research cut shares of Build-A-Bear Workshop from a “hold” rating to a “strong sell” rating in a research note on Friday, June 1st.

Build-A-Bear Workshop opened at $7.75 on Friday, according to MarketBeat.com. Build-A-Bear Workshop has a 52-week low of $7.25 and a 52-week high of $11.00. The company has a market cap of $123.36 million, a P/E ratio of 14.62 and a beta of -0.44.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, May 31st. The specialty retailer reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.23). The business had revenue of $83.18 million for the quarter, compared to the consensus estimate of $92.30 million. Build-A-Bear Workshop had a return on equity of 5.63% and a net margin of 1.57%. During the same period in the prior year, the business earned $0.17 earnings per share. analysts anticipate that Build-A-Bear Workshop will post 0.5 earnings per share for the current year.

In related news, COO J. Christopher Hurt sold 4,788 shares of the firm’s stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $9.73, for a total value of $46,587.24. Following the completion of the transaction, the chief operating officer now directly owns 41,435 shares of the company’s stock, valued at $403,162.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.40% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in shares of Build-A-Bear Workshop by 215.9% in the first quarter. Millennium Management LLC now owns 53,735 shares of the specialty retailer’s stock valued at $492,000 after buying an additional 36,725 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Build-A-Bear Workshop by 1.1% in the first quarter. Point72 Asset Management L.P. now owns 2,983,825 shares of the specialty retailer’s stock valued at $27,302,000 after buying an additional 33,849 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Build-A-Bear Workshop by 25.9% in the first quarter. The Manufacturers Life Insurance Company now owns 268,448 shares of the specialty retailer’s stock valued at $2,456,000 after buying an additional 55,293 shares in the last quarter. A.R.T. Advisors LLC bought a new position in shares of Build-A-Bear Workshop in the first quarter valued at $275,000. Finally, Cannell Capital LLC grew its stake in shares of Build-A-Bear Workshop by 27.5% in the first quarter. Cannell Capital LLC now owns 901,727 shares of the specialty retailer’s stock valued at $8,251,000 after buying an additional 194,253 shares in the last quarter. 79.03% of the stock is owned by institutional investors and hedge funds.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates as a specialty retailer of plush animals and related products. The company operates through three segments: Direct-to-Consumer, International Franchising, and Commercial. Its merchandise comprises a range of styles of stuffed animals; clothing, shoes, and accessories for the stuffed animals; and other toy and novelty items.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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