Build-A-Bear Workshop (NYSE:BBW) Receives "Buy (B-)" Rating from Weiss Ratings

Key Points

• Build-A-Bear Workshop has received a "Buy (B-)" rating from Weiss Ratings, reflecting positive outlook by equities researchers.
• The stock's price target has been adjusted by several analysts, with Northland Securities increasing it to $80.00 and DA Davidson raising it to $85.00.
• During its last earnings report, Build-A-Bear exceeded expectations with $0.94 earnings per share on $124.25 million revenue, beating analysts' estimates significantly.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report)'s stock had its "buy (b-)" rating restated by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the company. Zacks Research cut Build-A-Bear Workshop from a "strong-buy" rating to a "hold" rating in a research report on Monday. Northland Securities lifted their price objective on Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. DA Davidson lifted their price objective on Build-A-Bear Workshop from $64.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, Wall Street Zen lowered Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Build-A-Bear Workshop has a consensus rating of "Moderate Buy" and a consensus target price of $68.00.

Build-A-Bear Workshop Stock Performance

NYSE:BBW traded up $0.95 during trading hours on Wednesday, hitting $59.01. The company's stock had a trading volume of 496,346 shares, compared to its average volume of 304,191. Build-A-Bear Workshop has a 52-week low of $32.55 and a 52-week high of $75.85. The company has a market capitalization of $774.80 million, a PE ratio of 13.23 and a beta of 0.69. The business's 50-day moving average is $61.94 and its two-hundred day moving average is $50.32.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.27. Build-A-Bear Workshop had a return on equity of 41.14% and a net margin of 11.34%.The business had revenue of $124.25 million during the quarter, compared to analysts' expectations of $116.19 million. During the same quarter last year, the business posted $0.64 earnings per share. As a group, analysts predict that Build-A-Bear Workshop will post 3.71 EPS for the current fiscal year.

Insider Transactions at Build-A-Bear Workshop

In related news, Director Lesli Rotenberg sold 1,000 shares of the business's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $59.98, for a total transaction of $59,980.00. Following the transaction, the director directly owned 10,825 shares of the company's stock, valued at approximately $649,283.50. The trade was a 8.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sharon Price John sold 30,000 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 value of $2,197,500.00. Following the transaction, the chief executive officer directly owned 261,305 shares in the company, valued at $19,140,591.25. This trade represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,387 shares of company stock valued at $4,356,381. 5.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Build-A-Bear Workshop

Several hedge funds and other institutional investors have recently bought and sold shares of BBW. Quarry LP acquired a new position in Build-A-Bear Workshop during the 1st quarter worth approximately $28,000. AlphaQuest LLC lifted its position in Build-A-Bear Workshop by 106.1% during the 1st quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 419 shares in the last quarter. MTM Investment Management LLC purchased a new stake in Build-A-Bear Workshop during the 2nd quarter worth approximately $52,000. Canada Pension Plan Investment Board purchased a new stake in Build-A-Bear Workshop during the 2nd quarter worth approximately $57,000. Finally, Ameritas Investment Partners Inc. increased its holdings in Build-A-Bear Workshop by 19.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,270 shares of the specialty retailer's stock worth $65,000 after purchasing an additional 206 shares during the last quarter. 79.30% of the stock is owned by institutional investors and hedge funds.

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.

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