Build-A-Bear Workshop (NYSE:BBW) Stock Price Up 4.7% – Time to Buy?

Build-A-Bear Workshop, Inc. (NYSE:BBW)’s stock price shot up 4.7% during trading on Friday . The stock traded as high as $64.43 and last traded at $62.51. 49,068 shares changed hands during trading, a decline of 85% from the average session volume of 322,488 shares. The stock had previously closed at $59.70.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BBW shares. CJS Securities began coverage on Build-A-Bear Workshop in a research note on Wednesday, December 10th. They set a “market outperform” rating and a $70.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Build-A-Bear Workshop in a research note on Tuesday. Wall Street Zen lowered shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. DA Davidson decreased their price target on shares of Build-A-Bear Workshop from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Finally, Northland Securities increased their price objective on Build-A-Bear Workshop from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Build-A-Bear Workshop has an average rating of “Moderate Buy” and a consensus target price of $64.75.

Build-A-Bear Workshop Trading Up 2.9%

The firm’s 50-day simple moving average is $52.63 and its two-hundred day simple moving average is $55.98. The stock has a market capitalization of $795.26 million, a PE ratio of 14.11 and a beta of 1.01.

Build-A-Bear Workshop (NYSE:BBW) last issued its earnings results on Thursday, December 4th. The specialty retailer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.55 by $0.07. The business had revenue of $122.68 million during the quarter, compared to analysts’ expectations of $124.28 million. Build-A-Bear Workshop had a return on equity of 38.43% and a net margin of 10.93%.During the same quarter last year, the firm posted $0.73 earnings per share. As a group, research analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, November 26th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, November 26th. Build-A-Bear Workshop’s dividend payout ratio is currently 20.23%.

Insiders Place Their Bets

In other Build-A-Bear Workshop news, Director Craig Leavitt sold 4,000 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $60.61, for a total value of $242,440.00. Following the transaction, the director owned 64,142 shares in the company, valued at $3,887,646.62. The trade was a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lesli Rotenberg sold 1,000 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $61.34, for a total value of $61,340.00. Following the completion of the transaction, the director directly owned 9,825 shares in the company, valued at approximately $602,665.50. The trade was a 9.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,000 shares of company stock valued at $363,760 in the last three months. Company insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Build-A-Bear Workshop

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in Build-A-Bear Workshop in the first quarter worth approximately $28,000. AlphaQuest LLC boosted its holdings in Build-A-Bear Workshop by 106.1% in the first quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 419 shares in the last quarter. IFP Advisors Inc raised its holdings in Build-A-Bear Workshop by 68.1% during the third quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 203 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Build-A-Bear Workshop by 453.1% in the third quarter. Larson Financial Group LLC now owns 542 shares of the specialty retailer’s stock worth $35,000 after buying an additional 444 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Build-A-Bear Workshop during the 3rd quarter worth about $45,000. 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.