CenterBook Partners LP Buys New Stake in Build-A-Bear Workshop, Inc. $BBW

CenterBook Partners LP bought a new position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 124,243 shares of the specialty retailer’s stock, valued at approximately $3,115,000.

A number of other large investors also recently made changes to their positions in BBW. Janney Montgomery Scott LLC lifted its holdings in Build-A-Bear Workshop by 2.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,418 shares of the specialty retailer’s stock worth $877,000 after purchasing an additional 634 shares during the last quarter. Signaturefd LLC boosted its stake in Build-A-Bear Workshop by 175.3% in the 3rd quarter. Signaturefd LLC now owns 1,250 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 796 shares during the period. AXQ Capital LP grew its holdings in Build-A-Bear Workshop by 26.1% in the 2nd quarter. AXQ Capital LP now owns 8,167 shares of the specialty retailer’s stock valued at $250,000 after buying an additional 1,692 shares in the last quarter. State of Wyoming acquired a new position in Build-A-Bear Workshop in the 2nd quarter valued at $59,000. Finally, State of Alaska Department of Revenue grew its holdings in Build-A-Bear Workshop by 33.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 10,688 shares of the specialty retailer’s stock valued at $267,000 after buying an additional 2,697 shares in the last quarter. Institutional investors own 79.30% of the company’s stock.

Analysts Set New Price Targets

BBW has been the subject of a number of research reports. Zacks Research raised Build-A-Bear Workshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 27th. Weiss Ratings cut shares of Build-A-Bear Workshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Finally, DA Davidson decreased their price target on shares of Build-A-Bear Workshop from $60.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.50.

Build-A-Bear Workshop Trading Up 0.3%

Shares of NYSE:BBW opened at $29.66 on Friday. The firm has a 50 day moving average of $26.61 and a 200-day moving average of $36.65. Build-A-Bear Workshop, Inc. has a 12 month low of $23.19 and a 12 month high of $72.19. The stock has a market capitalization of $365.39 million, a PE ratio of 7.36 and a beta of 1.11.

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

Build-A-Bear Workshop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.92 annualized dividend and a yield of 3.1%. Build-A-Bear Workshop’s dividend payout ratio is presently 22.83%.

Insider Buying and Selling at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, Director Sharon John sold 6,818 shares of the firm’s stock in a transaction on 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 owned 181,653 shares of the company’s stock, valued at approximately $7,271,569.59. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.00% of the company’s stock.

Build-A-Bear Workshop Profile

Build-A-Bear Workshop, Inc is a specialty retailer that offers an interactive experience centered on creating and personalizing stuffed animals. Customers can select an animal, add sounds and accessories, and customize it through the company’s in-store and online platforms. Its merchandise includes plush animals, clothing, accessories, games, and other products connected to popular entertainment brands and licensed characters.

Founded in 1997 and headquartered in St. Louis, Missouri, Build-A-Bear operates through company-owned and franchised retail locations, as well as its e-commerce website and other retail channels.