Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) have received a consensus recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.00.

A number of research analysts recently weighed in on the stock. Jefferies Group LLC assumed coverage on shares of Build-A-Bear Workshop in a research note on Wednesday, September 13th. They issued a “buy” rating and a $12.00 price objective for the company. Dougherty & Co reduced their price objective on shares of Build-A-Bear Workshop from $14.50 to $13.50 and set a “buy” rating for the company in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Friday, August 18th.

In other news, Director Braden Michael Leonard sold 80,000 shares of Build-A-Bear Workshop stock in a transaction on Monday, September 18th. The shares were sold at an average price of $8.99, for a total transaction of $719,200.00. Following the completion of the sale, the director now directly owns 149,520 shares of the company’s stock, valued at approximately $1,344,184.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Point72 Asset Management, L.P. acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average cost of $8.51 per share, with a total value of $85,100.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 61,000 shares of company stock valued at $537,110 and sold 177,000 shares valued at $1,599,746. 17.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of BBW. Signia Capital Management LLC lifted its stake in Build-A-Bear Workshop by 3.2% in the second quarter. Signia Capital Management LLC now owns 508,291 shares of the specialty retailer’s stock worth $5,312,000 after purchasing an additional 15,707 shares during the last quarter. Strs Ohio lifted its stake in Build-A-Bear Workshop by 6.1% in the second quarter. Strs Ohio now owns 39,900 shares of the specialty retailer’s stock worth $416,000 after purchasing an additional 2,300 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Build-A-Bear Workshop in the first quarter worth $20,722,000. Municipal Employees Retirement System of Michigan lifted its stake in Build-A-Bear Workshop by 43.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 30,140 shares of the specialty retailer’s stock worth $315,000 after purchasing an additional 9,090 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Build-A-Bear Workshop by 15.5% in the first quarter. California Public Employees Retirement System now owns 97,100 shares of the specialty retailer’s stock worth $859,000 after purchasing an additional 13,000 shares during the last quarter. 68.40% of the stock is owned by institutional investors.

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Shares of Build-A-Bear Workshop (BBW) traded down 2.81% during midday trading on Wednesday, hitting $8.65. The stock had a trading volume of 28,923 shares. The company has a market cap of $138.69 million, a price-to-earnings ratio of 39.32 and a beta of -0.06. Build-A-Bear Workshop has a 52 week low of $8.05 and a 52 week high of $15.85. The stock’s 50-day moving average price is $9.01 and its 200 day moving average price is $9.73.

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

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

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.

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

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