Build-A-Bear Workshop, Inc. (NYSE:BBW) Receives Average Rating of “Moderate Buy” from Analysts

Build-A-Bear Workshop, Inc. (NYSE:BBW) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $70.00.

Several research firms have recently commented on BBW. DA Davidson restated a “buy” rating and set a $60.00 price target on shares of Build-A-Bear Workshop in a research report on Friday, May 29th. Weiss Ratings lowered Build-A-Bear Workshop from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Finally, Zacks Research upgraded Build-A-Bear Workshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd.

Build-A-Bear Workshop Stock Up 0.4%

BBW opened at $33.11 on Wednesday. Build-A-Bear Workshop has a 52 week low of $32.62 and a 52 week high of $75.85. The business has a fifty day simple moving average of $37.07 and a 200-day simple moving average of $47.86. The firm has a market cap of $416.57 million, a P/E ratio of 7.76 and a beta of 1.07.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, May 28th. The specialty retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.76 by $0.27. Build-A-Bear Workshop had a return on equity of 32.43% and a net margin of 10.48%.The business had revenue of $125.27 million during the quarter, compared to analyst estimates of $129.45 million. Sell-side analysts expect that Build-A-Bear Workshop will post 4.04 earnings per share for the current year.

Insider Activity

In other news, Director George Carrara sold 3,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $34.52, for a total value of $103,560.00. Following the sale, the director directly owned 11,277 shares in the company, valued at approximately $389,282.04. This trade represents a 21.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.80% of the company’s stock.

Institutional Trading of Build-A-Bear Workshop

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Build-A-Bear Workshop by 14.1% in the first quarter. Bank of America Corp DE now owns 133,398 shares of the specialty retailer’s stock valued at $4,996,000 after acquiring an additional 16,453 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Build-A-Bear Workshop in the first quarter valued at $240,000. Royal Bank of Canada raised its stake in shares of Build-A-Bear Workshop by 316.3% in the first quarter. Royal Bank of Canada now owns 4,259 shares of the specialty retailer’s stock valued at $159,000 after acquiring an additional 3,236 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Build-A-Bear Workshop in the first quarter valued at $239,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Build-A-Bear Workshop in the first quarter valued at $232,000. 79.30% of the stock is currently owned by institutional investors and hedge funds.

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.