Chase Investment Counsel Corp Acquires Shares of 40,000 Build-A-Bear Workshop, Inc. $BBW

Key Points

• Chase Investment Counsel acquired 40,000 Build-A-Bear shares worth approximately $1.22 million, giving it a 0.32% stake. Institutional investors collectively own 79.3% of the company.
• Build-A-Bear reported quarterly EPS of $1.03, beating estimates of $0.76, although revenue of $125.27 million fell short of expectations. The company also maintains a quarterly dividend of $0.23, yielding about 2.4% annually.
• Analyst sentiment remains positive, with three Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $70 versus the stock’s reported price of $38.32.

Chase Investment Counsel Corp bought a new stake in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 40,000 shares of the specialty retailer's stock, valued at approximately $1,224,000. Chase Investment Counsel Corp owned approximately 0.32% of Build-A-Bear Workshop as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Build-A-Bear Workshop during the 4th quarter worth about $28,000. IFP Advisors Inc boosted its position in Build-A-Bear Workshop by 68.1% in the third quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer's stock valued at $33,000 after buying an additional 203 shares in the last quarter. Larson Financial Group LLC grew its stake in Build-A-Bear Workshop by 453.1% during the third quarter. Larson Financial Group LLC now owns 542 shares of the specialty retailer's stock worth $35,000 after buying an additional 444 shares during the last quarter. Wexford Capital LP bought a new stake in Build-A-Bear Workshop during the third quarter worth about $69,000. Finally, Clearstead Advisors LLC grew its stake in Build-A-Bear Workshop by 160.6% during the fourth quarter. Clearstead Advisors LLC now owns 1,079 shares of the specialty retailer's stock worth $66,000 after buying an additional 665 shares during the last quarter. Institutional investors own 79.30% of the company's stock.

Insider Activity

In other news, Director George Carrara sold 3,000 shares of the firm's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $34.52, for a total value of $103,560.00. Following the transaction, the director directly owned 11,277 shares in the company, valued at $389,282.04. This trade represents a 21.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.00% of the stock is owned by corporate insiders.

Build-A-Bear Workshop Price Performance

BBW opened at $38.32 on Monday. The company has a market cap of $480.50 million, a price-to-earnings ratio of 8.97 and a beta of 1.10. The firm has a 50 day simple moving average of $33.47 and a 200 day simple moving average of $39.41. Build-A-Bear Workshop, Inc. has a fifty-two week low of $29.35 and a fifty-two week high of $75.85.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.27. Build-A-Bear Workshop had a net margin of 10.48% and a return on equity of 32.15%. The firm had revenue of $125.27 million for the quarter, compared to analysts' expectations of $129.45 million. As a group, analysts expect that Build-A-Bear Workshop, Inc. will post 4.04 EPS for the current year.

Build-A-Bear Workshop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.4%. Build-A-Bear Workshop's dividend payout ratio is 21.55%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Build-A-Bear Workshop from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, May 20th. DA Davidson reissued a "buy" rating and issued a $60.00 target price on shares of Build-A-Bear Workshop in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $70.00.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates a specialty retail business focused on interactive “workshop” experiences that allow customers to create customized stuffed animals. Through its in-store and online platforms, the company offers a wide range of plush toys, apparel, accessories and sound modules, enabling guests to personalize each creation. In addition to its core bear products, Build-A-Bear has expanded its portfolio to include licensed characters from leading entertainment and media franchises.

Founded in 1997 by Maxine Clark and headquartered in St.

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