Build-A-Bear Workshop (NYSE:BBW) Upgraded by StockNews.com to “Buy” Rating

Build-A-Bear Workshop (NYSE:BBW) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Several other research firms have also recently weighed in on BBW. Northland Securities lifted their price objective on Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. DA Davidson lifted their target price on shares of Build-A-Bear Workshop from $40.00 to $50.00 and gave the company a “buy” rating in a report on Friday, December 6th.

Build-A-Bear Workshop Stock Performance

Build-A-Bear Workshop stock opened at $35.53 on Thursday. The stock’s 50 day simple moving average is $40.47 and its two-hundred day simple moving average is $38.21. The stock has a market cap of $477.48 million, a price-to-earnings ratio of 9.45 and a beta of 1.50. Build-A-Bear Workshop has a fifty-two week low of $23.63 and a fifty-two week high of $48.23.

Insider Buying and Selling

In related news, CEO Sharon Price John sold 68,859 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $46.06, for a total value of $3,171,645.54. Following the completion of the transaction, the chief executive officer now directly owns 347,820 shares in the company, valued at $16,020,589.20. The trade was a 16.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider J. Christopher Hurt sold 12,635 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $39.53, for a total transaction of $499,461.55. Following the completion of the transaction, the insider now owns 49,386 shares of the company’s stock, valued at approximately $1,952,228.58. The trade was a 20.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,166 shares of company stock worth $7,113,481 in the last three months. Insiders own 7.90% of the company’s stock.

Institutional Investors Weigh In On Build-A-Bear Workshop

Hedge funds have recently modified their holdings of the business. USA Financial Formulas bought a new stake in shares of Build-A-Bear Workshop during the 4th quarter valued at $27,000. Quarry LP grew its position in shares of Build-A-Bear Workshop by 346.6% during the 3rd quarter. Quarry LP now owns 1,295 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 1,005 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Build-A-Bear Workshop during the 4th quarter valued at $53,000. Fortitude Family Office LLC grew its position in shares of Build-A-Bear Workshop by 34.1% during the 4th quarter. Fortitude Family Office LLC now owns 1,480 shares of the specialty retailer’s stock valued at $68,000 after acquiring an additional 376 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Build-A-Bear Workshop by 494.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer’s stock valued at $78,000 after acquiring an additional 1,405 shares during the period. Institutional investors own 79.30% of the company’s stock.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. 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 and accessories, and other toy and novelty items, including family sleepwear.