Build-A-Bear Workshop, Inc. (NYSE:BBW) Major Shareholder Sells $74,760.90 in Stock

Build-A-Bear Workshop, Inc. (NYSE:BBW – Get Rating) major shareholder Cannell Capital Llc sold 4,110 shares of the firm’s stock in a transaction dated Wednesday, April 13th. The shares were sold at an average price of $18.19, for a total value of $74,760.90. Following the sale, the insider now directly owns 1,667,034 shares in the company, valued at approximately $30,323,348.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Cannell Capital Llc also recently made the following trade(s):

• On Wednesday, April 6th, Cannell Capital Llc acquired 914 shares of Build-A-Bear Workshop stock. The shares were bought at an average cost of $16.92 per share, for a total transaction of $15,464.88.
• On Monday, March 14th, Cannell Capital Llc acquired 400 shares of Build-A-Bear Workshop stock. The shares were bought at an average cost of $15.73 per share, for a total transaction of $6,292.00.
• On Friday, March 11th, Cannell Capital Llc acquired 30,150 shares of Build-A-Bear Workshop stock. The shares were bought at an average cost of $15.97 per share, for a total transaction of $481,495.50.

Shares of NYSE BBW opened at $17.94 on Friday. The company has a market cap of $292.96 million, a PE ratio of 6.14 and a beta of 1.95. The business has a 50-day simple moving average of $18.62 and a two-hundred day simple moving average of $18.19. Build-A-Bear Workshop, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $23.50.

Build-A-Bear Workshop (NYSE:BBW – Get Rating) last issued its quarterly earnings results on Thursday, March 10th. The specialty retailer reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The business had revenue of $129.96 million during the quarter, compared to the consensus estimate of $129.88 million. Build-A-Bear Workshop had a return on equity of 44.89% and a net margin of 11.48%. During the same quarter last year, the company earned $0.47 earnings per share. On average, analysts expect that Build-A-Bear Workshop, Inc. will post 2.6 EPS for the current year.

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Build-A-Bear Workshop by 11.1% in the third quarter. Renaissance Technologies LLC now owns 376,179 shares of the specialty retailer’s stock worth $6,372,000 after purchasing an additional 37,600 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Build-A-Bear Workshop by 109.5% in the third quarter. Marshall Wace LLP now owns 72,687 shares of the specialty retailer’s stock worth $1,231,000 after purchasing an additional 37,987 shares during the last quarter. Sigma Planning Corp purchased a new position in shares of Build-A-Bear Workshop in the third quarter worth about $348,000. BlackRock Inc. raised its stake in shares of Build-A-Bear Workshop by 0.3% in the third quarter. BlackRock Inc. now owns 290,635 shares of the specialty retailer’s stock worth $4,924,000 after purchasing an additional 728 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Build-A-Bear Workshop by 296.1% in the third quarter. Cubist Systematic Strategies LLC now owns 39,875 shares of the specialty retailer’s stock worth $675,000 after purchasing an additional 29,809 shares during the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.

A number of brokerages recently weighed in on BBW. TheStreet raised Build-A-Bear Workshop from a “c+” rating to a “b-” rating in a research report on Thursday, March 10th. StockNews.com started coverage on Build-A-Bear Workshop in a report on Thursday, March 31st. They issued a “buy” rating for the company.

About Build-A-Bear Workshop (Get Rating)

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products. The company operates through three segments: Direct-to-Consumer, International Franchising, and Commercial. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes, accessories, and other toy and novelty items.

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