Build-A-Bear Workshop (NYSE:BBW) Upgraded to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Build-A-Bear Workshop to “Hold” from “Strong Sell.” The broader analyst consensus is “Moderate Buy,” with a $53.50 average price target.
• BBW shares opened at $25.14, near their 52-week low of $23.19 and well below the 52-week high of $72.19. The company trades at a P/E ratio of 6.24.
• Build-A-Bear reported quarterly EPS of $0.70, beating estimates of $0.64, although revenue of $115.29 million fell short of the $120.81 million consensus estimate.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Tuesday, Zacks reports.

A number of other equities research analysts have also recently commented on BBW. Weiss Ratings cut Build-A-Bear Workshop from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. DA Davidson lowered 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 report on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.50.

Build-A-Bear Workshop Stock Up 2.3%

Shares of BBW opened at $25.14 on Tuesday. The stock has a market cap of $309.64 million, a P/E ratio of 6.24 and a beta of 1.05. The business's 50 day moving average price is $27.76 and its 200-day moving average price is $38.04. Build-A-Bear Workshop has a 52 week low of $23.19 and a 52 week high of $72.19.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.06. The company had revenue of $115.29 million during the quarter, compared to analyst estimates 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 EPS for the current year.

Insider Buying and Selling

In related 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 legal filing with the SEC, which is available at this link. 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

Institutional investors have recently made changes to their positions in the business. Miller Value Partners LLC purchased a new stake in Build-A-Bear Workshop in the 2nd quarter worth approximately $4,088,000. Bank of America Corp DE purchased a new position in Build-A-Bear Workshop during the second quarter valued at approximately $2,996,000. Cannell Capital LLC bought a new position in shares of Build-A-Bear Workshop in the second quarter worth approximately $3,155,524. Pillsbury Lake Capital LLC bought a new position in shares of Build-A-Bear Workshop in the second quarter worth approximately $10,383,677. Finally, Bank of New York Mellon Corp bought a new position in shares of Build-A-Bear Workshop in the second quarter worth approximately $3,866,000. Institutional investors own 79.30% of the company's stock.

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.

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