Build-A-Bear Workshop (NYSE:BBW) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Build-A-Bear Workshop (NYSE:BBW - Free Report) from a hold rating to a buy rating in a report issued on Friday morning.

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

Build-A-Bear Workshop Price Performance

Shares of Build-A-Bear Workshop stock traded up $0.52 during midday trading on Friday, hitting $48.15. The company had a trading volume of 120,644 shares, compared to its average volume of 294,941. Build-A-Bear Workshop has a 1-year low of $23.63 and a 1-year high of $55.56. The business's 50 day simple moving average is $38.56 and its two-hundred day simple moving average is $39.80. The stock has a market cap of $635.87 million, a PE ratio of 12.81 and a beta of 0.54.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.31. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.35%. The firm had revenue of $128.40 million during the quarter, compared to the consensus estimate of $118.90 million. During the same period in the prior year, the firm earned $0.82 EPS. On average, sell-side analysts expect that Build-A-Bear Workshop will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.83%. This is an increase from Build-A-Bear Workshop's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, March 27th. Build-A-Bear Workshop's dividend payout ratio (DPR) is presently 21.15%.

Institutional Trading of Build-A-Bear Workshop

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Build-A-Bear Workshop by 1.4% in the first quarter. Vanguard Group Inc. now owns 995,693 shares of the specialty retailer's stock worth $37,010,000 after purchasing an additional 13,713 shares in the last quarter. De Lisle Partners LLP raised its holdings in shares of Build-A-Bear Workshop by 2.4% in the 1st quarter. De Lisle Partners LLP now owns 765,911 shares of the specialty retailer's stock worth $28,519,000 after buying an additional 18,000 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Build-A-Bear Workshop by 11.8% in the 1st quarter. American Century Companies Inc. now owns 482,641 shares of the specialty retailer's stock worth $17,940,000 after buying an additional 50,933 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Build-A-Bear Workshop by 26.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 291,990 shares of the specialty retailer's stock worth $13,443,000 after buying an additional 61,111 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Build-A-Bear Workshop by 77.5% in the 4th quarter. Bank of New York Mellon Corp now owns 180,045 shares of the specialty retailer's stock valued at $8,289,000 after buying an additional 78,629 shares in the last quarter. 79.30% of the stock is currently 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.