Pacific Ridge Capital Partners LLC Trims Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Key Points

• Pacific Ridge Capital Partners LLC reduced its stake in Build-A-Bear Workshop by 4.8%, currently holding 235,169 shares worth approximately $8.74 million, which reflects about 2.3% of its total holdings.
• Build-A-Bear Workshop recently reported quarterly earnings of **$1.17 per share**, surpassing analysts' expectations of $0.86 and achieving **revenue of $128.4 million** compared to anticipated revenues of $118.9 million.
• The company announced a quarterly dividend of **$0.22**, resulting in an annualized yield of 1.8%, with a low dividend payout ratio of **21.15%**.

Pacific Ridge Capital Partners LLC reduced its stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 235,169 shares of the specialty retailer's stock after selling 11,869 shares during the quarter. Build-A-Bear Workshop accounts for approximately 2.3% of Pacific Ridge Capital Partners LLC's portfolio, making the stock its 8th largest holding. Pacific Ridge Capital Partners LLC owned about 1.79% of Build-A-Bear Workshop worth $8,741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in Build-A-Bear Workshop by 494.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer's stock worth $78,000 after purchasing an additional 1,405 shares during the period. GAMMA Investing LLC grew its holdings in Build-A-Bear Workshop by 3,357.4% in the first quarter. GAMMA Investing LLC now owns 4,460 shares of the specialty retailer's stock worth $166,000 after purchasing an additional 4,331 shares during the period. Legal & General Group Plc grew its holdings in Build-A-Bear Workshop by 26.0% in the fourth quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer's stock worth $175,000 after purchasing an additional 783 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Build-A-Bear Workshop in the fourth quarter worth about $207,000. Finally, Townsquare Capital LLC purchased a new stake in Build-A-Bear Workshop in the fourth quarter worth about $225,000. 79.30% of the stock is owned by institutional investors.

Build-A-Bear Workshop Trading Down 2.8%

BBW stock traded down $1.40 on Friday, hitting $49.31. The company had a trading volume of 259,238 shares, compared to its average volume of 172,459. Build-A-Bear Workshop, Inc. has a 12-month low of $23.63 and a 12-month high of $55.56. The stock's 50-day simple moving average is $50.68 and its 200 day simple moving average is $42.70. The stock has a market cap of $651.39 million, a price-to-earnings ratio of 11.85 and a beta of 0.70.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its quarterly 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. Build-A-Bear Workshop had a net margin of 10.91% and a return on equity of 40.74%. The business had revenue of $128.40 million for the quarter, compared to the consensus estimate of $118.90 million. During the same period last year, the firm earned $0.82 earnings per share. Research analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th were given a $0.22 dividend. 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 dividend payout ratio (DPR) is presently 21.15%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BBW. Piper Sandler increased their price target on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Wall Street Zen upgraded shares of Build-A-Bear Workshop from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Finally, DA Davidson increased their price target on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a "buy" rating in a report on Friday, May 30th.

Insider Buying and Selling at Build-A-Bear Workshop

In related news, CEO Sharon Price John sold 31,250 shares of Build-A-Bear Workshop stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $45.73, for a total transaction of $1,429,062.50. Following the transaction, the chief executive officer owned 291,305 shares in the company, valued at approximately $13,321,377.65. The trade was a 9.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig Leavitt sold 8,250 shares of Build-A-Bear Workshop stock in a transaction 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 owned 72,392 shares in the company, valued at approximately $3,634,802.32. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,248 shares of company stock valued at $2,276,383 over the last three months. Insiders own 5.80% of the company's stock.

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.