Zacks Investment Research Downgrades Build-A-Bear Workshop (NYSE:BBW) to Sell

Zacks Investment Research downgraded shares of Build-A-Bear Workshop (NYSE:BBW) from a hold rating to a sell rating in a report released on Thursday, January 11th.

According to Zacks, “Build-A-Bear Workshop is the leading and only national company providing a make your own stuffed animal interactive retail-entertainment experience. “

Other equities research analysts have also issued research reports about the stock. Jefferies Group assumed coverage on shares of Build-A-Bear Workshop in a research note on Wednesday, September 13th. They issued a buy rating and a $12.00 price objective for the company. Dougherty & Co downgraded shares of Build-A-Bear Workshop from a buy rating to a neutral rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $11.67.

Build-A-Bear Workshop (NYSE:BBW) traded up $0.27 during trading hours on Thursday, reaching $8.37. 40,790 shares of the company’s stock traded hands, compared to its average volume of 141,493. The stock has a market cap of $132.91, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 0.81 and a beta of -0.30. Build-A-Bear Workshop has a 52-week low of $7.25 and a 52-week high of $12.05.

In other Build-A-Bear Workshop news, major shareholder Point72 Asset Management, L.P. acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $8.70 per share, with a total value of $435,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 439,149 shares of company stock worth $3,959,950 in the last three months. 17.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. bought a new position in Build-A-Bear Workshop during the third quarter valued at approximately $291,000. Point72 Asset Management L.P. increased its holdings in Build-A-Bear Workshop by 2.1% during the third quarter. Point72 Asset Management L.P. now owns 2,534,676 shares of the specialty retailer’s stock valued at $23,192,000 after buying an additional 51,000 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Build-A-Bear Workshop during the second quarter valued at approximately $361,000. Dimensional Fund Advisors LP increased its holdings in Build-A-Bear Workshop by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,348,330 shares of the specialty retailer’s stock valued at $14,090,000 after buying an additional 16,237 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Build-A-Bear Workshop by 200.2% during the second quarter. Dynamic Technology Lab Private Ltd now owns 36,342 shares of the specialty retailer’s stock valued at $380,000 after buying an additional 24,235 shares during the last quarter. Hedge funds and other institutional investors own 70.15% of the company’s stock.

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Build-A-Bear Workshop Company Profile

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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