Build-A-Bear Workshop (NYSE:BBW) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Build-A-Bear Workshop's shares have surpassed their 200-day moving average, indicating positive momentum in its stock performance with recent trading reaching as high as $61.51.
• Analysts have raised their ratings on the stock, with Zacks Research and Northland Securities recommending it as a "strong-buy" and raising the price target significantly to up to $85.00.
• Build-A-Bear Workshop reported strong quarterly earnings, with $0.94 earnings per share, exceeding expectations, alongside a recent announcement of a quarterly dividend of $0.22 per share.

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.26 and traded as high as $61.51. Build-A-Bear Workshop shares last traded at $59.96, with a volume of 446,577 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on BBW shares. Zacks Research raised shares of Build-A-Bear Workshop from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. Weiss Ratings reissued a "buy (b-)" rating on shares of Build-A-Bear Workshop in a research note on Saturday, September 27th. Northland Securities upped their target price on Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Wall Street Zen downgraded Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 23rd. Finally, DA Davidson lifted their price target on Build-A-Bear Workshop from $64.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $68.00.

Build-A-Bear Workshop Price Performance

The company has a market capitalization of $787.27 million, a price-to-earnings ratio of 13.44 and a beta of 0.69. The firm's fifty day moving average price is $61.80 and its 200-day moving average price is $50.26.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $124.25 million for the quarter, compared to the consensus estimate of $116.19 million. During the same quarter last year, the business posted $0.64 EPS. On average, research analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 25th. Build-A-Bear Workshop's dividend payout ratio (DPR) is presently 19.73%.

Insider Activity at Build-A-Bear Workshop

In related news, CEO Sharon Price John sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $73.25, for a total value of $2,197,500.00. Following the completion of the transaction, the chief executive officer owned 261,305 shares in the company, valued at $19,140,591.25. This trade represents a 10.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vojin Todorovic sold 10,000 shares of Build-A-Bear Workshop stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $73.25, for a total transaction of $732,500.00. Following the sale, the chief financial officer owned 67,991 shares in the company, valued at approximately $4,980,340.75. This represents a 12.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,387 shares of company stock valued at $4,053,961 in the last ninety days. 5.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans grew its position in shares of Build-A-Bear Workshop by 5,113.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 752,320 shares of the specialty retailer's stock valued at $38,789,000 after buying an additional 737,890 shares during the last quarter. CSM Advisors LLC bought a new position in shares of Build-A-Bear Workshop during the second quarter worth about $6,233,000. Landscape Capital Management L.L.C. acquired a new position in shares of Build-A-Bear Workshop in the first quarter worth approximately $3,572,000. Balyasny Asset Management L.P. bought a new stake in Build-A-Bear Workshop in the second quarter valued at approximately $4,908,000. Finally, Pacer Advisors Inc. acquired a new stake in Build-A-Bear Workshop during the 1st quarter valued at approximately $3,154,000. 79.30% of the stock is owned by institutional investors.

Build-A-Bear Workshop Company Profile

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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