133,567 Shares in Build-A-Bear Workshop, Inc. $BBW Acquired by Miller Value Partners LLC

Miller Value Partners LLC purchased a new stake in Build-A-Bear Workshop, Inc. (NYSE:BBW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 133,567 shares of the specialty retailer’s stock, valued at approximately $4,088,000. Build-A-Bear Workshop accounts for about 1.0% of Miller Value Partners LLC’s holdings, making the stock its 29th largest holding. Miller Value Partners LLC owned approximately 1.07% of Build-A-Bear Workshop at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of Build-A-Bear Workshop in the fourth quarter worth $28,000. IFP Advisors Inc lifted its holdings in shares of Build-A-Bear Workshop by 68.1% during the 3rd quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 203 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Build-A-Bear Workshop by 453.1% during the 3rd quarter. Larson Financial Group LLC now owns 542 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 444 shares in the last quarter. Wexford Capital LP purchased a new stake in Build-A-Bear Workshop during the 3rd quarter worth $69,000. Finally, Clearstead Advisors LLC increased its holdings in Build-A-Bear Workshop by 160.6% in the 4th quarter. Clearstead Advisors LLC now owns 1,079 shares of the specialty retailer’s stock valued at $66,000 after purchasing an additional 665 shares in the last quarter. 79.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director George Carrara sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $34.52, for a total transaction of $103,560.00. Following the completion of the sale, the director directly owned 11,277 shares in the company, valued at $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 available at this hyperlink. Also, Director Sharon Price John sold 6,818 shares of Build-A-Bear Workshop stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $40.03, for a total value of $272,924.54. Following the sale, the director directly owned 181,653 shares in the company, valued at approximately $7,271,569.59. The trade was a 3.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of Build-A-Bear Workshop in a research report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Build-A-Bear Workshop in a research report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Build-A-Bear Workshop Stock Up 1.1%

BBW opened at $39.30 on Wednesday. The firm’s 50 day moving average is $34.25 and its 200-day moving average is $38.35. Build-A-Bear Workshop, Inc. has a 52-week low of $29.35 and a 52-week high of $75.85. The firm has a market capitalization of $492.88 million, a P/E ratio of 9.20 and a beta of 1.10.

Build-A-Bear Workshop (NYSE:BBW) last announced its earnings results on Thursday, May 28th. The specialty retailer reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.27. The business had revenue of $125.27 million during the quarter, compared to the consensus estimate of $129.45 million. Build-A-Bear Workshop had a net margin of 10.48% and a return on equity of 32.15%. Equities analysts expect that Build-A-Bear Workshop, Inc. will post 4.04 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 25th. Build-A-Bear Workshop’s dividend payout ratio is presently 21.55%.

Build-A-Bear Workshop Company Profile

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.