Build-A-Bear Workshop (NYSE:BBW) Upgraded at Wall Street Zen

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday.

A number of other equities research analysts have also recently issued reports on BBW. DA Davidson upped their target price on Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Piper Sandler boosted their price objective on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th.

Build-A-Bear Workshop Trading Down 0.3%

NYSE:BBW traded down $0.15 during trading hours on Friday, hitting $52.55. 203,935 shares of the stock traded hands, compared to its average volume of 273,634. The firm has a 50 day moving average price of $41.44 and a 200 day moving average price of $40.74. The firm has a market cap of $694.20 million, a price-to-earnings ratio of 12.63 and a beta of 0.72. Build-A-Bear Workshop has a fifty-two week low of $23.63 and a fifty-two week high of $55.57.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.31. The company had revenue of $128.40 million during the quarter, compared to analyst estimates of $118.90 million. Build-A-Bear Workshop had a net margin of 10.91% and a return on equity of 40.74%. During the same quarter last year, the business posted $0.82 EPS. Research analysts predict that Build-A-Bear Workshop will post 3.71 EPS for the current year.

Insiders Place Their Bets

In related news, Director Craig Leavitt sold 8,250 shares of Build-A-Bear Workshop stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $50.21, for a total transaction of $414,232.50. Following the transaction, the director now owns 72,392 shares of the company's stock, valued at $3,634,802.32. This trade represents a 10.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Eric R. Fencl sold 6,993 shares of Build-A-Bear Workshop stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $48.50, for a total transaction of $339,160.50. Following the transaction, the chief accounting officer now directly owns 123,318 shares in the company, valued at approximately $5,980,923. This represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,493 shares of company stock valued at $2,182,456 in the last 90 days. 5.80% of the stock is currently owned by insiders.

Institutional Trading of Build-A-Bear Workshop

Several hedge funds have recently bought and sold shares of BBW. Inspire Investing LLC bought a new position in shares of Build-A-Bear Workshop during the 1st quarter worth approximately $775,000. Rhumbline Advisers boosted its holdings in Build-A-Bear Workshop by 6.0% during the first quarter. Rhumbline Advisers now owns 18,236 shares of the specialty retailer's stock worth $678,000 after purchasing an additional 1,025 shares during the last quarter. Acadian Asset Management LLC grew its position in Build-A-Bear Workshop by 61.9% in the first quarter. Acadian Asset Management LLC now owns 119,046 shares of the specialty retailer's stock valued at $4,423,000 after purchasing an additional 45,498 shares in the last quarter. Caxton Associates LLP acquired a new stake in Build-A-Bear Workshop in the 1st quarter valued at $267,000. Finally, Jones Financial Companies Lllp acquired a new stake in Build-A-Bear Workshop in the 1st quarter valued at $199,000. 79.30% of the stock is currently owned by institutional investors and hedge funds.

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.