Zacks Research Upgrades Build-A-Bear Workshop (NYSE:BBW) to “Hold”

Build-A-Bear Workshop (NYSE:BBW) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Several other analysts have also weighed in on the company. Weiss Ratings lowered Build-A-Bear Workshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. DA Davidson cut their price target on Build-A-Bear Workshop from $60.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Build-A-Bear Workshop presently has an average rating of “Moderate Buy” and a consensus price target of $53.50.

Build-A-Bear Workshop Price Performance

Shares of NYSE:BBW opened at $25.14 on Tuesday. The business’s 50 day simple moving average is $27.76 and its 200-day simple moving average is $38.04. The firm has a market capitalization of $309.64 million, a price-to-earnings ratio of 6.24 and a beta of 1.05. Build-A-Bear Workshop has a 12 month low of $23.19 and a 12 month high of $72.19.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $115.29 million for the quarter, compared to analysts’ expectations of $120.81 million. Build-A-Bear Workshop had a return on equity of 29.66% and a net margin of 9.96%. On average, equities analysts anticipate that Build-A-Bear Workshop will post 3.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sharon John sold 6,818 shares of Build-A-Bear Workshop stock in a transaction on Monday, August 24th. The stock was sold at an average price of $40.03, for a total value of $272,924.54. Following the completion of the sale, the director owned 181,653 shares of the company’s stock, valued at $7,271,569.59. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Build-A-Bear Workshop

Several large investors have recently added to or reduced their stakes in the business. Miller Value Partners LLC purchased a new stake in shares of Build-A-Bear Workshop during the 2nd quarter valued at $4,088,000. Bank of America Corp DE purchased a new stake in Build-A-Bear Workshop during the second quarter worth approximately $2,996,000. Cannell Capital LLC purchased a new position in Build-A-Bear Workshop in the second quarter valued at about $3,155,524. Pillsbury Lake Capital LLC purchased a new stake in shares of Build-A-Bear Workshop in the second quarter worth about $10,383,677. Finally, Bank of New York Mellon Corp purchased a new stake in Build-A-Bear Workshop during the 2nd quarter worth $3,866,000. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc is a specialty retailer that offers an interactive experience centered on creating and personalizing stuffed animals. Customers can select an animal, add sounds and accessories, and customize it through the company’s in-store and online platforms. Its merchandise includes plush animals, clothing, accessories, games, and other products connected to popular entertainment brands and licensed characters.

Founded in 1997 and headquartered in St. Louis, Missouri, Build-A-Bear operates through company-owned and franchised retail locations, as well as its e-commerce website and other retail channels.