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

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

A number of other equities research analysts also recently issued reports on the stock. 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 research report on Friday, May 30th. Piper Sandler lifted their target price on Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 15th.

Build-A-Bear Workshop Price Performance

Shares of NYSE:BBW opened at $47.66 on Friday. Build-A-Bear Workshop has a 1 year low of $23.63 and a 1 year high of $55.57. The company has a market cap of $629.33 million, a P/E ratio of 12.67 and a beta of 0.72. The stock’s fifty day moving average price is $39.30 and its 200-day moving average price is $40.09.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.31. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.35%. The business had revenue of $128.40 million for the quarter, compared to analysts’ expectations of $118.90 million. During the same quarter in the prior year, the business earned $0.82 EPS. On average, sell-side analysts anticipate that Build-A-Bear Workshop will post 3.71 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Sharon Price John sold 31,250 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $45.73, for a total value of $1,429,062.50. Following the completion of the sale, the chief executive officer now owns 291,305 shares in the company, valued at approximately $13,321,377.65. The trade was a 9.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Eric R. Fencl sold 6,993 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 directly owns 123,318 shares in the company, valued at approximately $5,980,923. This trade represents a 5.37% decrease in their position. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Build-A-Bear Workshop

A number of institutional investors and hedge funds have recently bought and sold shares of BBW. Inspire Investing LLC purchased a new position in shares of Build-A-Bear Workshop during the first quarter valued at $775,000. Rhumbline Advisers grew its holdings in Build-A-Bear Workshop by 6.0% during the 1st quarter. Rhumbline Advisers now owns 18,236 shares of the specialty retailer’s stock worth $678,000 after acquiring an additional 1,025 shares in the last quarter. Acadian Asset Management LLC increased its position in Build-A-Bear Workshop by 61.9% during the 1st quarter. Acadian Asset Management LLC now owns 119,046 shares of the specialty retailer’s stock valued at $4,423,000 after purchasing an additional 45,498 shares during the period. Caxton Associates LLP bought a new stake in shares of Build-A-Bear Workshop in the 1st quarter valued at about $267,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Build-A-Bear Workshop in the 1st quarter valued at about $199,000. 79.30% of the stock is owned by institutional investors.

Build-A-Bear Workshop Company Profile

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.