SummerHaven Investment Management LLC Buys New Shares in Build-A-Bear Workshop, Inc. $BBW

SummerHaven Investment Management LLC bought a new stake in Build-A-Bear Workshop, Inc. (NYSE:BBW) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 31,521 shares of the specialty retailer’s stock, valued at approximately $790,000.

A number of other institutional investors have also recently made changes to their positions in BBW. Miller Value Partners LLC purchased a new stake in shares of Build-A-Bear Workshop during the second quarter worth $4,088,000. Bank of America Corp DE acquired a new stake in shares of Build-A-Bear Workshop in the second quarter valued at about $2,996,000. Cannell Capital LLC purchased a new position in shares of Build-A-Bear Workshop in the second quarter worth about $3,155,524. Pillsbury Lake Capital LLC purchased a new position in shares of Build-A-Bear Workshop in the second quarter worth about $10,383,677. Finally, Bank of New York Mellon Corp purchased a new position in shares of Build-A-Bear Workshop in the second quarter worth about $3,866,000. 79.30% of the stock is owned by institutional investors and hedge funds.

Build-A-Bear Workshop Stock Down 4.5%

Shares of BBW opened at $24.93 on Friday. The company has a market capitalization of $307.14 million, a price-to-earnings ratio of 6.19 and a beta of 1.05. Build-A-Bear Workshop, Inc. has a 52-week low of $24.15 and a 52-week high of $72.19. The stock has a 50 day moving average price of $29.73 and a 200 day moving average price of $33.29.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Build-A-Bear Workshop had a net margin of 9.96% and a return on equity of 29.66%. The company had revenue of $115.29 million for the quarter, compared to analysts’ expectations of $120.81 million. On average, equities analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.57 EPS for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th were issued a $0.23 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.92 annualized dividend and a dividend yield of 3.7%. Build-A-Bear Workshop’s dividend payout ratio is presently 22.83%.

Insider Activity at Build-A-Bear Workshop

In related news, Director Sharon John sold 6,818 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $40.03, for a total value of $272,924.54. Following the transaction, the director directly owned 181,653 shares of the company’s stock, valued at $7,271,569.59. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BBW shares. DA Davidson lowered their target price on Build-A-Bear Workshop from $60.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 28th. Weiss Ratings downgraded shares of Build-A-Bear Workshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Finally, Zacks Research downgraded Build-A-Bear Workshop from a “hold” rating to a “strong sell” rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Build-A-Bear Workshop currently has a consensus rating of “Hold” and an average price target of $53.50.

Build-A-Bear Workshop Profile

Build-A-Bear Workshop, Inc is a specialty retailer that creates interactive, customizable stuffed animals and related merchandise. Customers can select a plush character, personalize it through in-store experiences, and add clothing, accessories, sounds and other features. The company serves children, families and collectors through its retail stores, e-commerce platform and other distribution channels.

In addition to its signature stuffed animals, Build-A-Bear offers licensed characters, seasonal products, gift items and themed merchandise.