Wall Street Zen Downgrades Build-A-Bear Workshop (NYSE:BBW) to Buy

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

A number of other equities analysts have also issued reports on BBW. Piper Sandler raised their price target on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. DA Davidson raised their price target on shares of Build-A-Bear Workshop from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $52.67.

Build-A-Bear Workshop Stock Up 3.7%

Shares of Build-A-Bear Workshop stock opened at $56.52 on Friday. The firm has a market capitalization of $746.63 million, a P/E ratio of 13.59 and a beta of 0.70. The company has a 50 day moving average price of $52.56 and a 200 day moving average price of $43.97. Build-A-Bear Workshop has a 52 week low of $27.44 and a 52 week high of $59.78.

Build-A-Bear Workshop (NYSE:BBW) last posted its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.31. Build-A-Bear Workshop had a net margin of 10.91% and a return on equity of 40.74%. The company had revenue of $128.40 million during the quarter, compared to analyst estimates of $118.90 million. During the same period last year, the firm posted $0.82 EPS. As a group, research analysts anticipate that Build-A-Bear Workshop will post 3.71 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Eric R. Fencl sold 6,993 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $48.50, for a total transaction of $339,160.50. Following the sale, the chief accounting officer owned 123,318 shares of the company’s stock, valued at $5,980,923. This trade represents a 5.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lesli Rotenberg sold 1,755 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $53.52, for a total transaction of $93,927.60. Following the sale, the director directly owned 11,825 shares in the company, valued at $632,874. The trade was a 12.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,248 shares of company stock worth $2,276,383 over the last 90 days. Company insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On Build-A-Bear Workshop

A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in Build-A-Bear Workshop by 63.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,391 shares of the specialty retailer’s stock valued at $175,000 after acquiring an additional 1,321 shares during the period. SkyView Investment Advisors LLC grew its stake in Build-A-Bear Workshop by 2.1% in the 2nd quarter. SkyView Investment Advisors LLC now owns 17,065 shares of the specialty retailer’s stock valued at $915,000 after acquiring an additional 356 shares during the period. Vident Advisory LLC acquired a new stake in Build-A-Bear Workshop in the 2nd quarter valued at $437,000. Rafferty Asset Management LLC grew its stake in Build-A-Bear Workshop by 6.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 7,284 shares of the specialty retailer’s stock valued at $376,000 after acquiring an additional 414 shares during the period. Finally, Engineers Gate Manager LP grew its stake in Build-A-Bear Workshop by 86.5% in the 2nd quarter. Engineers Gate Manager LP now owns 12,366 shares of the specialty retailer’s stock valued at $638,000 after acquiring an additional 5,734 shares during the period. 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.