Build-A-Bear Workshop (NYSE:BBW) Stock Price Up 7.3%

Build-A-Bear Workshop, Inc (NYSE:BBW) rose 7.3% on Thursday . The stock traded as high as $3.92 and last traded at $3.80, approximately 505,821 shares traded hands during mid-day trading. An increase of 117% from the average daily volume of 233,547 shares. The stock had previously closed at $3.54.

BBW has been the subject of several research reports. Zacks Investment Research cut shares of Build-A-Bear Workshop from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. ValuEngine upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

The stock has a market cap of $58.60 million, a P/E ratio of -9.63 and a beta of 0.65. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.23 and a quick ratio of 0.41. The business’s 50 day simple moving average is $3.00 and its 200 day simple moving average is $4.65.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). The business had revenue of $79.21 million for the quarter, compared to the consensus estimate of $86.80 million. Build-A-Bear Workshop had a negative return on equity of 7.31% and a negative net margin of 4.95%. During the same quarter in the prior year, the business earned ($0.12) EPS. Research analysts predict that Build-A-Bear Workshop, Inc will post -0.05 earnings per share for the current year.

In other Build-A-Bear Workshop news, Director David Kanen purchased 9,800 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was purchased at an average price of $2.89 per share, for a total transaction of $28,322.00. Following the completion of the purchase, the director now directly owns 52,584 shares in the company, valued at $151,967.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 20,700 shares of company stock valued at $63,724. Corporate insiders own 8.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC lifted its stake in Build-A-Bear Workshop by 697.9% during the second quarter. Citadel Advisors LLC now owns 80,114 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 93,514 shares during the period. Cubist Systematic Strategies LLC bought a new position in Build-A-Bear Workshop during the second quarter worth about $72,000. Morgan Stanley lifted its stake in Build-A-Bear Workshop by 46.0% during the second quarter. Morgan Stanley now owns 1,229,675 shares of the specialty retailer’s stock worth $6,874,000 after purchasing an additional 387,371 shares during the period. Man Group plc bought a new position in Build-A-Bear Workshop during the second quarter worth about $141,000. Finally, Raging Capital Management LLC bought a new position in Build-A-Bear Workshop during the second quarter worth about $4,125,000. Hedge funds and other institutional investors own 64.96% of the company’s stock.

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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