SummerHaven Investment Management LLC Buys 31,521 Shares of Build-A-Bear Workshop, Inc. $BBW

SummerHaven Investment Management LLC bought a new stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,521 shares of the specialty retailer’s stock, valued at approximately $790,000. SummerHaven Investment Management LLC owned approximately 0.26% of Build-A-Bear Workshop at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Build-A-Bear Workshop during the second quarter valued at about $30,481,000. Paradigm Capital Management Inc. NY acquired a new stake in Build-A-Bear Workshop in the 2nd quarter worth approximately $30,136,000. De Lisle Partners LLP acquired a new stake in Build-A-Bear Workshop in the 2nd quarter worth approximately $23,466,000. Dimensional Fund Advisors LP grew its position in Build-A-Bear Workshop by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 366,456 shares of the specialty retailer’s stock worth $13,724,000 after purchasing an additional 9,642 shares during the last quarter. Finally, Pillsbury Lake Capital LLC purchased a new stake in Build-A-Bear Workshop during the 2nd quarter worth approximately $10,383,677. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BBW shares. Zacks Research lowered shares of Build-A-Bear Workshop from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. DA Davidson lowered their price objective on shares of 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. Finally, Weiss Ratings downgraded shares of Build-A-Bear Workshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Build-A-Bear Workshop currently has a consensus rating of “Hold” and a consensus target price of $53.50.

Insider Transactions at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, Director Sharon John sold 6,818 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $40.03, for a total value of $272,924.54. Following the completion of the transaction, the director owned 181,653 shares in the company, valued at approximately $7,271,569.59. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.00% of the company’s stock.

Build-A-Bear Workshop Stock Down 4.5%

Shares of NYSE:BBW opened at $24.93 on Friday. Build-A-Bear Workshop, Inc. has a 52-week low of $24.15 and a 52-week high of $72.19. The stock has a market cap of $307.14 million, a price-to-earnings ratio of 6.19 and a beta of 1.05. The business has a 50-day moving average price of $29.73 and a 200-day moving average price of $33.29.

Build-A-Bear Workshop (NYSE:BBW) last issued its earnings results on Thursday, August 27th. The specialty retailer reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. Build-A-Bear Workshop had a return on equity of 29.66% and a net margin of 9.96%. The firm had revenue of $115.29 million for the quarter, compared to analyst estimates of $120.81 million. As a group, equities analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.57 EPS for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 24th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, September 24th. Build-A-Bear Workshop’s dividend payout ratio (DPR) is 22.83%.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc is a specialty retailer that creates interactive, customizable stuffed animals and related merchandise. Customers can select a plush character, personalize it through in-store experiences, and add clothing, accessories, sounds and other features. The company serves children, families and collectors through its retail stores, e-commerce platform and other distribution channels.

In addition to its signature stuffed animals, Build-A-Bear offers licensed characters, seasonal products, gift items and themed merchandise.