Build-A-Bear Workshop, Inc. (BBW) Downgraded by Dougherty & Co

Dougherty & Co lowered shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) from a buy rating to a neutral rating in a report published on Friday, Marketbeat.com reports.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Build-A-Bear Workshop from a hold rating to a buy rating and set a $10.00 price target on the stock in a report on Friday, September 15th. Jefferies Group LLC started coverage on shares of Build-A-Bear Workshop in a report on Wednesday, September 13th. They set a buy rating and a $12.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $11.67.

Build-A-Bear Workshop (NYSE BBW) opened at 8.10 on Friday. Build-A-Bear Workshop has a 12-month low of $7.90 and a 12-month high of $15.85. The company’s 50-day moving average is $8.80 and its 200 day moving average is $9.70. The stock has a market capitalization of $126.88 million, a PE ratio of 37.50 and a beta of -0.06.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $85.61 million. Build-A-Bear Workshop had a net margin of 0.83% and a return on equity of 6.38%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. On average, equities research analysts expect that Build-A-Bear Workshop will post $0.53 earnings per share for the current fiscal year.

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Build-A-Bear Workshop declared that its board has initiated a share repurchase program on Monday, August 21st that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

In other Build-A-Bear Workshop news, major shareholder Point72 Asset Management, L.P. acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average price of $8.51 per share, with a total value of $85,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Braden Michael Leonard sold 22,381 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $9.02, for a total transaction of $201,876.62. The disclosure for this sale can be found here. In the last three months, insiders purchased 61,000 shares of company stock worth $537,110 and sold 177,000 shares worth $1,599,746. Company insiders own 17.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL purchased a new position in shares of Build-A-Bear Workshop in the second quarter worth approximately $129,000. Trexquant Investment LP boosted 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 buying an additional 155 shares during the last quarter. Parametric Portfolio Associates LLC boosted 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 buying an additional 1,978 shares during the last quarter. Rhumbline Advisers boosted 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 buying an additional 415 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Build-A-Bear Workshop in the second quarter worth approximately $224,000. 69.44% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Build-A-Bear Workshop (NYSE:BBW)

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