Build-A-Bear Workshop, Inc. (NYSE:BBW) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) from a hold rating to a sell rating in a research report released on Thursday, November 2nd.

According to Zacks, “Build-A-Bear Workshop is the leading and only national company providing a make your own stuffed animal interactive retail-entertainment experience. “

A number of other research firms have also recently issued reports on BBW. Dougherty & Co cut shares of Build-A-Bear Workshop from a buy rating to a neutral rating in a research note on Friday, October 27th. Jefferies Group LLC assumed coverage on shares of Build-A-Bear Workshop in a report on Wednesday, September 13th. They issued a buy rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $11.67.

Shares of Build-A-Bear Workshop (BBW) opened at $8.25 on Thursday. Build-A-Bear Workshop has a 12 month low of $7.25 and a 12 month high of $15.85. The company has a market cap of $129.73, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 0.89 and a beta of -0.18.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The company had revenue of $82.40 million for the quarter, compared to the consensus estimate of $85.61 million. Build-A-Bear Workshop had a return on equity of 6.33% and a net margin of 0.83%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 EPS. equities analysts predict that Build-A-Bear Workshop will post 0.51 earnings per share for the current fiscal year.

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Build-A-Bear Workshop announced that its board has approved a stock buyback plan on Monday, August 21st that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other Build-A-Bear Workshop news, major shareholder Point72 Asset Management, L.P. purchased 19,000 shares of Build-A-Bear Workshop stock in a transaction on Monday, August 28th. The shares were acquired at an average cost of $8.90 per share, for a total transaction of $169,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Braden Michael Leonard sold 80,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $8.99, for a total transaction of $719,200.00. Following the transaction, the director now owns 149,520 shares in the company, valued at $1,344,184.80. The disclosure for this sale can be found here. Over the last three months, insiders bought 81,300 shares of company stock worth $688,118 and sold 177,000 shares worth $1,599,746. Corporate insiders own 17.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tudor Investment Corp ET AL bought a new position in shares of Build-A-Bear Workshop in the second quarter worth approximately $129,000. PEAK6 Investments L.P. bought a new position in shares of Build-A-Bear Workshop in the third quarter worth approximately $134,000. Trexquant Investment LP grew its holdings in shares of Build-A-Bear Workshop by 1.1% in the second quarter. Trexquant Investment LP now owns 14,704 shares of the specialty retailer’s stock worth $154,000 after purchasing an additional 155 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Build-A-Bear Workshop by 15.4% in the second quarter. Parametric Portfolio Associates LLC now owns 14,805 shares of the specialty retailer’s stock worth $155,000 after purchasing an additional 1,978 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Build-A-Bear Workshop by 2.6% in the second quarter. Rhumbline Advisers now owns 16,259 shares of the specialty retailer’s stock worth $170,000 after purchasing an additional 415 shares during the last quarter. Institutional investors and hedge funds own 72.54% of the company’s stock.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc is primarily a specialty retailer offering a make your own stuffed animal interactive retail-entertainment experience. The Company’s segments include direct-to-consumer (DTC), international franchising and commercial. The DTC segment includes the activities of Company-owned stores in the United States, Canada, the United Kingdom, Ireland and Denmark, and other retail delivery operations, including its e-commerce sites and temporary stores.

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