Pillsbury Lake Capital LLC Takes Position in Build-A-Bear Workshop, Inc. $BBW

Key Points

• Pillsbury Lake Capital LLC acquired 339,225 shares of Build-A-Bear Workshop in the second quarter, representing about 2.71% of the company and 2.8% of the fund’s portfolio. Other institutions also initiated positions, bringing institutional ownership to 79.3%.
• Two directors recently sold shares under disclosed transactions, while insiders retain approximately 4% of the company. Sharon Price John sold 6,818 shares and George Carrara sold 3,000 shares.
• Analysts maintain a “Moderate Buy” consensus with a $70 average price target, compared with a recent share price of $39.18. The company also reported quarterly EPS of $1.03, above the $0.76 estimate, and pays a quarterly dividend of $0.23.

Pillsbury Lake Capital LLC purchased a new stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 339,225 shares of the specialty retailer's stock, valued at approximately $10,383,677,000. Build-A-Bear Workshop makes up 2.8% of Pillsbury Lake Capital LLC's investment portfolio, making the stock its 18th largest position. Pillsbury Lake Capital LLC owned approximately 2.71% of Build-A-Bear Workshop at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Miller Value Partners LLC purchased a new stake in Build-A-Bear Workshop during the second quarter valued at about $4,088,000. Chase Investment Counsel Corp purchased a new position in shares of Build-A-Bear Workshop in the 2nd quarter worth about $1,224,000. Crown Advisors Management Inc. purchased a new position in shares of Build-A-Bear Workshop in the 2nd quarter worth about $3,061,000. De Lisle Partners LLP bought a new position in shares of Build-A-Bear Workshop during the 2nd quarter valued at about $23,466,000. Finally, Paradigm Capital Management Inc. NY purchased a new position in shares of Build-A-Bear Workshop during the 2nd quarter valued at about $30,136,000. 79.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Sharon Price John sold 6,818 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $40.03, for a total transaction of $272,924.54. Following the completion of the sale, the director owned 181,653 shares of the company's stock, valued at approximately $7,271,569.59. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director George Carrara sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $34.52, for a total transaction of $103,560.00. Following the completion of the transaction, the director owned 11,277 shares in the company, valued at $389,282.04. This represents a 21.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BBW. Weiss Ratings restated a "hold (c)" rating on shares of Build-A-Bear Workshop in a research report on Monday, August 17th. DA Davidson reissued a "buy" rating and set a $60.00 price target on shares of Build-A-Bear Workshop in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.00.

Build-A-Bear Workshop Trading Down 0.5%

Shares of NYSE:BBW opened at $39.18 on Thursday. The stock has a market capitalization of $491.32 million, a P/E ratio of 9.18 and a beta of 1.10. The stock's 50-day moving average price is $34.40 and its 200-day moving average price is $38.24. Build-A-Bear Workshop, Inc. has a 12-month low of $29.35 and a 12-month high of $75.85.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its earnings results on Thursday, May 28th. The specialty retailer reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.27. Build-A-Bear Workshop had a return on equity of 32.15% and a net margin of 10.48%.The company had revenue of $125.27 million during the quarter, compared to analyst estimates of $129.45 million. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a $0.23 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.92 annualized dividend and a yield of 2.3%. Build-A-Bear Workshop's payout ratio is presently 21.55%.

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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