124,243 Shares in Build-A-Bear Workshop, Inc. $BBW Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners acquired 124,243 Build-A-Bear shares in the third quarter, worth about $3.12 million and representing roughly 1.01% of the company. Institutional investors collectively own 79.3% of BBW.
• Build-A-Bear’s latest quarterly earnings beat estimates at $0.70 per share versus $0.64 expected, but revenue of $115.29 million fell short of the $120.81 million forecast.
• Analysts’ consensus rating is Moderate Buy, with a $53.50 average price target. The company also paid a $0.23 quarterly dividend, equivalent to a 3.1% yield at the reported share price.

CenterBook Partners LP acquired a new stake in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 124,243 shares of the specialty retailer's stock, valued at approximately $3,115,000. CenterBook Partners LP owned about 1.01% of Build-A-Bear Workshop as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BBW. BlackRock Inc. acquired a new stake in Build-A-Bear Workshop in the 2nd quarter valued at $30,481,000. Paradigm Capital Management Inc. NY bought a new stake in Build-A-Bear Workshop during the second quarter worth about $30,136,000. De Lisle Partners LLP bought a new stake in Build-A-Bear Workshop during the second quarter worth about $23,466,000. Dimensional Fund Advisors LP raised its holdings in Build-A-Bear Workshop by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 366,456 shares of the specialty retailer's stock worth $13,724,000 after acquiring an additional 9,642 shares in the last quarter. Finally, Pillsbury Lake Capital LLC acquired a new position in Build-A-Bear Workshop during the second quarter valued at approximately $10,383,677. Institutional investors own 79.30% of the company's stock.

Insider Activity at Build-A-Bear Workshop

In other news, Director Sharon John sold 6,818 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $40.03, for a total value of $272,924.54. Following the transaction, the director directly owned 181,653 shares of the company's stock, valued at $7,271,569.59. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. DA Davidson decreased 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 note on Friday, August 28th. Zacks Research raised Build-A-Bear Workshop from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 27th. Finally, 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. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.50.

Build-A-Bear Workshop Stock Up 0.3%

BBW opened at $29.66 on Friday. Build-A-Bear Workshop, Inc. has a 12-month low of $23.19 and a 12-month high of $72.19. The stock has a market cap of $365.39 million, a price-to-earnings ratio of 7.36 and a beta of 1.11. The business has a 50 day moving average of $26.61 and a 200-day moving average of $36.65.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last posted its earnings results on Thursday, August 27th. The specialty retailer reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.06. Build-A-Bear Workshop had a return on equity of 29.66% and a net margin of 9.96%. The business had revenue of $115.29 million for the quarter, compared to analyst estimates of $120.81 million. As a group, analysts expect that Build-A-Bear Workshop, Inc. will post 3.57 earnings per share for the current year.

Build-A-Bear Workshop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, September 24th. Build-A-Bear Workshop's payout ratio is currently 22.83%.

Build-A-Bear Workshop Profile

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.

Want to see what other hedge funds are holding BBW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.