Zacks Investment Research Downgrades Build-A-Bear Workshop (BBW) to Hold

Zacks Investment Research cut shares of Build-A-Bear Workshop (NYSE:BBW) from a buy rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

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. “

Separately, ValuEngine raised shares of Build-A-Bear Workshop from a hold rating to a buy rating in a report on Wednesday, May 1st.

Shares of NYSE BBW opened at $5.13 on Tuesday. Build-A-Bear Workshop has a 1 year low of $3.75 and a 1 year high of $9.55. The firm has a market cap of $75.71 million, a P/E ratio of -12.83 and a beta of 0.56.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Wednesday, March 13th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.40). Build-A-Bear Workshop had a negative return on equity of 7.90% and a negative net margin of 5.33%. The firm had revenue of $101.53 million for the quarter, compared to analysts’ expectations of $99.90 million. During the same period last year, the company posted $0.09 earnings per share.

In other Build-A-Bear Workshop news, major shareholder Point72 Asset Management, L.P. sold 2,050,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $5.11, for a total transaction of $10,475,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BBW. JPMorgan Chase & Co. lifted its holdings in Build-A-Bear Workshop by 744.3% during the third quarter. JPMorgan Chase & Co. now owns 20,719 shares of the specialty retailer’s stock valued at $187,000 after purchasing an additional 18,265 shares in the last quarter. Man Group plc purchased a new position in Build-A-Bear Workshop during the third quarter valued at $215,000. Wedge Capital Management L L P NC purchased a new position in Build-A-Bear Workshop during the fourth quarter valued at $547,000. B. Riley Financial Inc. purchased a new position in Build-A-Bear Workshop during the fourth quarter valued at $1,185,000. Finally, Pacifica Capital Investments LLC lifted its holdings in Build-A-Bear Workshop by 20.9% during the fourth quarter. Pacifica Capital Investments LLC now owns 834,530 shares of the specialty retailer’s stock valued at $3,296,000 after purchasing an additional 144,497 shares in the last quarter. 75.53% of the stock is currently owned by institutional investors and hedge funds.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates as a specialty retailer of plush animals and related products. The company operates through three segments: Direct-to-Consumer, International Franchising, and Commercial. Its merchandise comprises a range of styles of stuffed animals; clothing, shoes, and accessories for the stuffed animals; and other toy and novelty items.

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