Sherbrooke Park Advisers LLC Makes New Investment in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Sherbrooke Park Advisers LLC bought a new position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,709 shares of the specialty retailer's stock, valued at approximately $585,000. Sherbrooke Park Advisers LLC owned approximately 0.09% of Build-A-Bear Workshop as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Formulas purchased a new position in Build-A-Bear Workshop during the 4th quarter worth $27,000. New York State Teachers Retirement System purchased a new position in Build-A-Bear Workshop during the 4th quarter worth $53,000. Tower Research Capital LLC TRC grew its position in Build-A-Bear Workshop by 494.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer's stock worth $78,000 after purchasing an additional 1,405 shares during the last quarter. Legal & General Group Plc grew its position in Build-A-Bear Workshop by 26.0% during the 4th quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer's stock worth $175,000 after purchasing an additional 783 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Build-A-Bear Workshop during the 4th quarter worth $200,000. Institutional investors and hedge funds own 79.30% of the company's stock.

Build-A-Bear Workshop Price Performance

Shares of BBW stock traded up $0.78 during trading hours on Thursday, reaching $41.28. 64,385 shares of the company's stock were exchanged, compared to its average volume of 283,879. The company has a market cap of $545.08 million, a P/E ratio of 10.97 and a beta of 0.54. The company's 50 day moving average is $37.34 and its two-hundred day moving average is $39.36. Build-A-Bear Workshop, Inc. has a 1 year low of $23.63 and a 1 year high of $48.23.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.07. The business had revenue of $150.45 million during the quarter, compared to the consensus estimate of $147.53 million. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. As a group, analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were given a dividend of $0.22 per share. This is a positive change from Build-A-Bear Workshop's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, March 27th. Build-A-Bear Workshop's dividend payout ratio is presently 23.10%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BBW. DA Davidson upgraded Build-A-Bear Workshop to a "strong-buy" rating in a research note on Thursday, May 15th. Wall Street Zen downgraded Build-A-Bear Workshop from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Piper Sandler increased their price target on Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th.

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.