Build-A-Bear Workshop (NYSE:BBW) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Build-A-Bear Workshop, Inc. (NYSE:BBW)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $58.17 and traded as high as $61.43. Build-A-Bear Workshop shares last traded at $60.6360, with a volume of 230,139 shares changing hands.

Wall Street Analyst Weigh In

BBW has been the topic of a number of recent research reports. Wall Street Zen cut Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. DA Davidson lowered their price objective on shares of Build-A-Bear Workshop from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, December 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Build-A-Bear Workshop in a research note on Tuesday, December 23rd. CJS Securities initiated coverage on shares of Build-A-Bear Workshop in a research report on Wednesday, December 10th. They set a “market outperform” rating and a $70.00 target price for the company. Finally, Zacks Research lowered shares of Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Build-A-Bear Workshop presently has a consensus rating of “Moderate Buy” and an average target price of $64.75.

Build-A-Bear Workshop Trading Down 0.3%

The stock has a market capitalization of $785.24 million, a PE ratio of 13.94 and a beta of 1.01. The stock’s fifty day simple moving average is $58.30 and its 200-day simple moving average is $58.17.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. Build-A-Bear Workshop had a net margin of 10.93% and a return on equity of 38.43%. The company had revenue of $122.68 million for the quarter, compared to analyst estimates of $124.28 million. During the same period last year, the firm earned $0.73 earnings per share. As a group, analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, November 26th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.5%. Build-A-Bear Workshop’s dividend payout ratio is currently 20.23%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its stake in Build-A-Bear Workshop by 1,036.7% in the 4th quarter. State of Alaska Department of Revenue now owns 7,991 shares of the specialty retailer’s stock valued at $489,000 after purchasing an additional 7,288 shares during the period. Blue Trust Inc. boosted its holdings in shares of Build-A-Bear Workshop by 163.0% in the 4th quarter. Blue Trust Inc. now owns 668 shares of the specialty retailer’s stock worth $41,000 after buying an additional 414 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Build-A-Bear Workshop by 22.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,628 shares of the specialty retailer’s stock valued at $284,000 after buying an additional 851 shares during the period. SG Americas Securities LLC grew its position in Build-A-Bear Workshop by 199.7% during the fourth quarter. SG Americas Securities LLC now owns 28,858 shares of the specialty retailer’s stock valued at $1,768,000 after buying an additional 19,229 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Build-A-Bear Workshop by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 33,629 shares of the specialty retailer’s stock worth $2,193,000 after buying an additional 1,457 shares during the last quarter. Hedge funds and other institutional investors own 79.30% of the company’s stock.

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.