Build-A-Bear Workshop (BBW) Shares Down 11% Following Weak Earnings

Build-A-Bear Workshop, Inc (NYSE:BBW) shares were down 11% during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $5.00 and last traded at $5.24. Approximately 1,337,060 shares traded hands during mid-day trading, an increase of 1,301% from the average daily volume of 95,469 shares. The stock had previously closed at $5.89.

The specialty retailer reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.40). Build-A-Bear Workshop had a negative net margin of 0.66% and a negative return on equity of 0.69%. The business had revenue of $101.53 million during the quarter, compared to analysts’ expectations of $99.90 million. During the same quarter last year, the business posted $0.09 earnings per share.

A number of equities research analysts have commented on BBW shares. ValuEngine cut Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Wednesday, December 26th. Zacks Investment Research cut Build-A-Bear Workshop from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 5th.

Institutional investors have recently added to or reduced their stakes in the business. Cannell Capital LLC raised its stake in shares of Build-A-Bear Workshop by 10.4% in the fourth quarter. Cannell Capital LLC now owns 856,453 shares of the specialty retailer’s stock worth $3,383,000 after purchasing an additional 80,481 shares during the last quarter. Pacifica Capital Investments LLC raised its stake in shares of Build-A-Bear Workshop by 20.9% in the fourth quarter. Pacifica Capital Investments LLC now owns 834,530 shares of the specialty retailer’s stock worth $3,296,000 after purchasing an additional 144,497 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Build-A-Bear Workshop by 23.7% in the third quarter. Renaissance Technologies LLC now owns 736,800 shares of the specialty retailer’s stock worth $6,668,000 after purchasing an additional 141,000 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Build-A-Bear Workshop by 2.3% in the third quarter. Pacific Ridge Capital Partners LLC now owns 533,333 shares of the specialty retailer’s stock worth $4,827,000 after purchasing an additional 11,785 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of Build-A-Bear Workshop by 8.8% in the third quarter. Royce & Associates LP now owns 489,400 shares of the specialty retailer’s stock worth $4,429,000 after purchasing an additional 39,600 shares during the last quarter. Institutional investors own 79.52% of the company’s stock.

The company has a market capitalization of $87.94 million, a PE ratio of 9.89 and a beta of 0.57.

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About Build-A-Bear Workshop (NYSE:BBW)

Build-A-Bear Workshop, Inc operates as a specialty retailer of plush animals and related products. The company operates through three segments: Direct-to-Consumer, International Franchising, and Commercial. Its merchandise comprises a range of styles of stuffed animals; clothing, shoes, and accessories for the stuffed animals; and other toy and novelty items.

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