Insider Buying: Build-A-Bear Workshop, Inc (BBW) Major Shareholder Purchases 50,000 Shares of Stock

Build-A-Bear Workshop, Inc (NYSE:BBW) major shareholder Point72 Asset Management, L.P. purchased 50,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was bought at an average price of $8.78 per share, with a total value of $439,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Point72 Asset Management, L.P. also recently made the following trade(s):

  • On Tuesday, December 12th, Point72 Asset Management, L.P. purchased 50,000 shares of Build-A-Bear Workshop stock. The stock was bought at an average price of $8.66 per share, with a total value of $433,000.00.
  • On Friday, December 8th, Point72 Asset Management, L.P. purchased 50,000 shares of Build-A-Bear Workshop stock. The stock was bought at an average price of $8.70 per share, with a total value of $435,000.00.
  • On Tuesday, November 28th, Point72 Asset Management, L.P. purchased 10,000 shares of Build-A-Bear Workshop stock. The stock was bought at an average price of $8.43 per share, with a total value of $84,300.00.
  • On Friday, November 17th, Point72 Asset Management, L.P. purchased 10,000 shares of Build-A-Bear Workshop stock. The stock was bought at an average price of $8.33 per share, with a total value of $83,300.00.
  • On Wednesday, November 8th, Point72 Asset Management, L.P. purchased 10,300 shares of Build-A-Bear Workshop stock. The stock was bought at an average price of $7.36 per share, with a total value of $75,808.00.
  • On Monday, November 6th, Point72 Asset Management, L.P. purchased 10,000 shares of Build-A-Bear Workshop stock. The stock was bought at an average price of $7.70 per share, with a total value of $77,000.00.

Build-A-Bear Workshop, Inc (NYSE:BBW) traded up $0.30 during trading on Friday, hitting $8.95. The stock had a trading volume of 157,300 shares, compared to its average volume of 135,281. The stock has a market cap of $142.46, a PE ratio of 21.63, a P/E/G ratio of 0.95 and a beta of -0.17. Build-A-Bear Workshop, Inc has a 12 month low of $7.25 and a 12 month high of $15.45.

Build-A-Bear Workshop (NYSE:BBW) last released its earnings results on Thursday, October 26th. The specialty retailer reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The business had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $85.61 million. Build-A-Bear Workshop had a net margin of 0.83% and a return on equity of 6.33%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 earnings per share. equities analysts forecast that Build-A-Bear Workshop, Inc will post 0.51 earnings per share for the current fiscal year.

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

Several institutional investors have recently added to or reduced their stakes in BBW. New York State Common Retirement Fund boosted its stake in shares of Build-A-Bear Workshop by 980.8% during the 3rd quarter. New York State Common Retirement Fund now owns 151,306 shares of the specialty retailer’s stock valued at $1,384,000 after buying an additional 137,306 shares during the last quarter. Pacifica Capital Investments LLC lifted 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 purchasing an additional 55,299 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Build-A-Bear Workshop by 2.1% during the third quarter. Point72 Asset Management L.P. now owns 2,534,676 shares of the specialty retailer’s stock worth $23,192,000 after purchasing an additional 51,000 shares during the last quarter. Royce & Associates LP lifted 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 purchasing an additional 39,500 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Build-A-Bear Workshop during the second quarter worth $361,000. Institutional investors own 70.60% of the company’s stock.

A number of equities analysts have weighed in on the company. Zacks Investment Research cut Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Jefferies Group assumed coverage on Build-A-Bear Workshop in a research note on Wednesday, September 13th. They set a “buy” rating and a $12.00 target price for the company. Finally, Dougherty & Co cut Build-A-Bear Workshop from a “buy” rating to a “neutral” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.67.

ILLEGAL ACTIVITY WARNING: “Insider Buying: Build-A-Bear Workshop, Inc (BBW) Major Shareholder Purchases 50,000 Shares of Stock” was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/12/15/insider-buying-build-a-bear-workshop-inc-bbw-major-shareholder-purchases-50000-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for Build-A-Bear Workshop (NYSE:BBW)

Receive News & Ratings for Build-A-Bear Workshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Build-A-Bear Workshop and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply