Build-A-Bear Workshop (NYSE:BBW) Lowered to Hold Rating by Wall Street Zen

Build-A-Bear Workshop (NYSE:BBW) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other analysts also recently weighed in on BBW. Piper Sandler boosted their target price on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. DA Davidson boosted their price objective on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 30th.

Build-A-Bear Workshop Trading Up 2.8%

Shares of BBW opened at $47.66 on Friday. The firm has a market cap of $629.33 million, a PE ratio of 12.67 and a beta of 0.72. Build-A-Bear Workshop has a 12 month low of $23.63 and a 12 month high of $55.57. The stock has a fifty day moving average price of $39.30 and a 200-day moving average price of $40.09.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.31. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. The business had revenue of $128.40 million during the quarter, compared to the consensus estimate of $118.90 million. During the same quarter last year, the company earned $0.82 earnings per share. As a group, research analysts forecast that Build-A-Bear Workshop will post 3.71 EPS for the current year.

Insider Transactions at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, CAO Eric R. Fencl sold 6,993 shares of Build-A-Bear Workshop stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $48.50, for a total value of $339,160.50. Following the completion of the transaction, the chief accounting officer now owns 123,318 shares of the company’s stock, valued at approximately $5,980,923. The trade was a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sharon Price John sold 31,250 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $45.73, for a total transaction of $1,429,062.50. Following the completion of the transaction, the chief executive officer now owns 291,305 shares of the company’s stock, valued at approximately $13,321,377.65. This trade represents a 9.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Build-A-Bear Workshop

A number of large investors have recently bought and sold shares of the business. OneDigital Investment Advisors LLC grew its stake in Build-A-Bear Workshop by 2.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 10,486 shares of the specialty retailer’s stock valued at $390,000 after acquiring an additional 289 shares during the period. Brandywine Global Investment Management LLC grew its position in shares of Build-A-Bear Workshop by 0.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 45,714 shares of the specialty retailer’s stock valued at $2,105,000 after purchasing an additional 340 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Build-A-Bear Workshop by 1.1% during the first quarter. SummerHaven Investment Management LLC now owns 31,861 shares of the specialty retailer’s stock worth $1,184,000 after purchasing an additional 340 shares in the last quarter. AlphaQuest LLC raised its position in shares of Build-A-Bear Workshop by 106.1% during the 1st quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 419 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Build-A-Bear Workshop by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,533 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 456 shares in the last quarter. Institutional investors and hedge funds own 79.30% of the company’s stock.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes and accessories, and other toy and novelty items, including family sleepwear.