Build-A-Bear Workshop, Inc. (NYSE:BBW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $10.00 price target on the specialty retailer’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.73% from the company’s current price.

According to Zacks, “Build-A-Bear Workshop is the leading and only national company providing a make your own stuffed animal interactive retail-entertainment experience. “

Other equities analysts have also recently issued reports about the company. Jefferies Group LLC started coverage on Build-A-Bear Workshop in a report on Wednesday. They set a “buy” rating and a $12.00 price objective on the stock. Dougherty & Co decreased their price objective on Build-A-Bear Workshop from $14.50 to $13.50 and set a “buy” rating on the stock in a report on Friday, July 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $11.67.

Shares of Build-A-Bear Workshop (NYSE:BBW) traded down 0.56% on Friday, reaching $8.95. The company’s stock had a trading volume of 166,220 shares. Build-A-Bear Workshop has a 12 month low of $8.05 and a 12 month high of $15.85. The firm’s 50-day moving average price is $9.06 and its 200-day moving average price is $9.67. The stock has a market cap of $140.19 million, a P/E ratio of 41.44 and a beta of -0.09.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, July 27th. The specialty retailer reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.05. The firm had revenue of $77.30 million for the quarter, compared to analysts’ expectations of $78.58 million. Build-A-Bear Workshop had a return on equity of 7.20% and a net margin of 0.94%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.28) EPS. On average, analysts forecast that Build-A-Bear Workshop will post $0.53 earnings per share for the current fiscal year.

Build-A-Bear Workshop declared that its Board of Directors has approved a share buyback program on Monday, August 21st that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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In related news, major shareholder Point72 Asset Management, L.P. purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average cost of $8.51 per share, with a total value of $85,100.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired a total of 61,000 shares of company stock worth $537,110 over the last ninety days. Insiders own 17.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in shares of Build-A-Bear Workshop in the 1st quarter worth approximately $20,722,000. Dimensional Fund Advisors LP grew its position in shares of Build-A-Bear Workshop by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,348,330 shares of the specialty retailer’s stock worth $14,090,000 after buying an additional 16,237 shares during the last quarter. Cannell Capital LLC bought a new stake in shares of Build-A-Bear Workshop in the 4th quarter worth approximately $16,404,000. Renaissance Technologies LLC grew its position in shares of Build-A-Bear Workshop by 7.5% in the 1st quarter. Renaissance Technologies LLC now owns 639,367 shares of the specialty retailer’s stock worth $8,305,000 after buying an additional 44,767 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Build-A-Bear Workshop by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 638,580 shares of the specialty retailer’s stock worth $6,673,000 after buying an additional 23,600 shares during the last quarter. Hedge funds and other institutional investors own 68.40% of the company’s stock.

Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc is primarily a specialty retailer offering a make your own stuffed animal interactive retail-entertainment experience. The Company’s segments include direct-to-consumer (DTC), international franchising and commercial. The DTC segment includes the activities of Company-owned stores in the United States, Canada, the United Kingdom, Ireland and Denmark, and other retail delivery operations, including its e-commerce sites and temporary stores.

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Analyst Recommendations for Build-A-Bear Workshop (NYSE:BBW)

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