Build-A-Bear Workshop Inc. (NYSE:BBW) shares dropped 3.2% during mid-day trading on Wednesday . The company traded as low as $12.10 and last traded at $12.12, with a volume of 84,061 shares trading hands. The stock had previously closed at $12.52.

BBW has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a “hold” rating and set a $13.00 price objective on shares of Build-A-Bear Workshop in a research note on Tuesday, July 19th. Zacks Investment Research raised Build-A-Bear Workshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.20.

The company has a market cap of $186.97 million and a PE ratio of 9.62. The stock’s 50-day moving average price is $13.24 and its 200 day moving average price is $13.26.

Build-A-Bear Workshop (NYSE:BBW) last announced its earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.28). The business had revenue of $75.10 million for the quarter, compared to analysts’ expectations of $79.09 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. Equities analysts anticipate that Build-A-Bear Workshop Inc. will post $0.84 EPS for the current fiscal year.

A hedge fund recently raised its stake in Build-A-Bear Workshop stock. Royce & Associates LLC raised its stake in shares of Build-A-Bear Workshop Inc. (NYSE:BBW) by 221.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 234,900 shares of the company’s stock after buying an additional 161,900 shares during the period. Royce & Associates LLC owned approximately 1.42% of Build-A-Bear Workshop worth $2,875,000 at the end of the most recent quarter.

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.

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