Cynosure Group LLC Takes $313,000 Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Key Points

• Cynosure Group LLC has acquired a new stake in Build-A-Bear Workshop, purchasing 8,408 shares valued at approximately $313,000.
• Notable institutional investors, including Vanguard Group and Invesco, have increased their stakes in Build-A-Bear Workshop, indicating strong interest with institutional ownership now at 79.30%.
• Build-A-Bear Workshop recently reported earnings exceeding analysts' expectations, with a quarterly earnings per share of $1.17 against an estimate of $0.86.

Cynosure Group LLC purchased a new stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,408 shares of the specialty retailer's stock, valued at approximately $313,000. Cynosure Group LLC owned 0.06% of Build-A-Bear Workshop as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Build-A-Bear Workshop by 1.4% during the first quarter. Vanguard Group Inc. now owns 995,693 shares of the specialty retailer's stock valued at $37,010,000 after acquiring an additional 13,713 shares during the period. De Lisle Partners LLP grew its stake in shares of Build-A-Bear Workshop by 2.4% during the first quarter. De Lisle Partners LLP now owns 765,911 shares of the specialty retailer's stock worth $28,519,000 after purchasing an additional 18,000 shares during the period. Marshall Wace LLP grew its stake in shares of Build-A-Bear Workshop by 269.9% during the fourth quarter. Marshall Wace LLP now owns 137,922 shares of the specialty retailer's stock worth $6,350,000 after purchasing an additional 100,633 shares during the period. Invesco Ltd. grew its stake in shares of Build-A-Bear Workshop by 396.5% during the fourth quarter. Invesco Ltd. now owns 129,801 shares of the specialty retailer's stock worth $5,976,000 after purchasing an additional 103,656 shares during the period. Finally, Alta Fox Capital Management LLC acquired a new stake in shares of Build-A-Bear Workshop during the fourth quarter worth $5,631,000. Institutional investors and hedge funds own 79.30% of the company's stock.

Analyst Upgrades and Downgrades

BBW has been the subject of a number of analyst reports. DA Davidson lifted their price objective on Build-A-Bear Workshop from $60.00 to $64.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Piper Sandler lifted their price objective on 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. Finally, Wall Street Zen raised Build-A-Bear Workshop from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th.

Insiders Place Their Bets

In other news, Director Lesli Rotenberg sold 1,755 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $53.52, for a total value of $93,927.60. Following the sale, the director directly owned 11,825 shares in the company, valued at $632,874. The trade was a 12.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Eric R. Fencl sold 6,993 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $48.50, for a total value of $339,160.50. Following the completion of the sale, the chief accounting officer owned 123,318 shares in the company, valued at approximately $5,980,923. This trade represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,248 shares of company stock valued at $2,276,383. Insiders own 5.80% of the company's stock.

Build-A-Bear Workshop Trading Down 0.5%

BBW stock opened at $49.47 on Monday. The business's 50-day moving average price is $51.14 and its two-hundred day moving average price is $43.08. The firm has a market cap of $653.43 million, a PE ratio of 11.89 and a beta of 0.70. Build-A-Bear Workshop, Inc. has a 1-year low of $24.53 and a 1-year high of $55.56.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.31. The firm had revenue of $128.40 million for the quarter, compared to analyst estimates of $118.90 million. Build-A-Bear Workshop had a return on equity of 40.74% and a net margin of 10.91%. During the same period in the previous year, the company posted $0.82 earnings per share. On average, analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.8%. Build-A-Bear Workshop's payout ratio is currently 21.15%.

Build-A-Bear Workshop 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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