Build-A-Bear Workshop, Inc. (NYSE:BBW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

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. “

A number of other brokerages have also weighed in on BBW. Dougherty & Co reduced their price objective on shares of 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. Jefferies Group LLC started coverage on shares of Build-A-Bear Workshop in a report on Wednesday, September 13th. They issued a “buy” rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.67.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). Build-A-Bear Workshop had a net margin of 0.83% and a return on equity of 6.38%. The firm had revenue of $82.40 million during the quarter, compared to analyst estimates of $85.61 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. Build-A-Bear Workshop’s revenue for the quarter was down 1.6% compared to the same quarter last year.

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

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In other Build-A-Bear Workshop news, Director Braden Michael Leonard sold 80,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $1,344,184.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Point72 Asset Management, L.P. acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average price of $8.51 per share, with a total value of $85,100.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 61,000 shares of company stock valued at $537,110 and sold 177,000 shares valued at $1,599,746. Insiders own 17.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBW. Pacifica Capital Investments LLC grew its stake in Build-A-Bear Workshop by 20.3% during the second quarter. Pacifica Capital Investments LLC now owns 327,789 shares of the specialty retailer’s stock worth $3,425,000 after buying an additional 55,299 shares during the period. Royce & Associates LP grew its stake in Build-A-Bear Workshop by 9.8% during the second quarter. Royce & Associates LP now owns 441,400 shares of the specialty retailer’s stock worth $4,613,000 after buying an additional 39,500 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Build-A-Bear Workshop during the second quarter worth approximately $361,000. Dynamic Technology Lab Private Ltd grew its stake in Build-A-Bear Workshop by 200.2% during the second quarter. Dynamic Technology Lab Private Ltd now owns 36,342 shares of the specialty retailer’s stock worth $380,000 after buying an additional 24,235 shares during the period. Finally, Vanguard Group Inc. grew its stake in Build-A-Bear Workshop by 3.8% during the second 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 period. Institutional investors own 69.44% 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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