Build-A-Bear Workshop (NYSE:BBW) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Build-A-Bear Workshop (NYSE:BBW) from a buy rating to a hold rating in a research note published on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. DA Davidson dropped their target price on shares of Build-A-Bear Workshop from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday. Northland Securities boosted their target price on shares of Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Build-A-Bear Workshop in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Build-A-Bear Workshop Stock Up 0.9%

BBW stock opened at $50.22 on Friday. Build-A-Bear Workshop has a 52-week low of $32.55 and a 52-week high of $75.85. The company’s 50-day simple moving average is $54.07 and its 200-day simple moving average is $55.31. The firm has a market cap of $659.36 million, a P/E ratio of 11.54 and a beta of 1.01.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. Build-A-Bear Workshop had a return on equity of 38.62% and a net margin of 10.93%.The company had revenue of $122.68 million for the quarter, compared to the consensus estimate of $124.28 million. During the same quarter in the prior year, the business posted $0.73 earnings per share. On average, analysts anticipate that Build-A-Bear Workshop will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, November 26th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. Build-A-Bear Workshop’s dividend payout ratio is currently 20.23%.

Insider Buying and Selling at Build-A-Bear Workshop

In other news, CFO Vojin Todorovic sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $73.25, for a total transaction of $732,500.00. Following the transaction, the chief financial officer directly owned 67,991 shares in the company, valued at $4,980,340.75. The trade was a 12.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig Leavitt sold 4,000 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $60.61, for a total value of $242,440.00. Following the completion of the sale, the director directly owned 64,142 shares of the company’s stock, valued at approximately $3,887,646.62. This represents a 5.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 61,387 shares of company stock valued at $4,417,721. Company insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Build-A-Bear Workshop

Several hedge funds have recently bought and sold shares of BBW. Quarry LP purchased a new position in shares of Build-A-Bear Workshop in the first quarter valued at approximately $28,000. AlphaQuest LLC raised its position in Build-A-Bear Workshop by 106.1% in the 1st quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 419 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Build-A-Bear Workshop by 68.1% in the 3rd quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 203 shares during the period. Larson Financial Group LLC boosted its stake in shares of Build-A-Bear Workshop by 453.1% in the 3rd quarter. Larson Financial Group LLC now owns 542 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 444 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Build-A-Bear Workshop in the 3rd quarter valued at approximately $45,000. 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.