Cubist Systematic Strategies LLC purchased a new stake in Build-A-Bear Workshop, Inc (NYSE:BBW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,879 shares of the specialty retailer’s stock, valued at approximately $72,000. Cubist Systematic Strategies LLC owned 0.09% of Build-A-Bear Workshop at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Morgan Stanley increased its stake in shares of Build-A-Bear Workshop by 46.0% in the second quarter. Morgan Stanley now owns 1,229,675 shares of the specialty retailer’s stock valued at $6,874,000 after buying an additional 387,371 shares during the period. Man Group plc acquired a new stake in shares of Build-A-Bear Workshop in the second quarter valued at about $141,000. Raging Capital Management LLC acquired a new stake in shares of Build-A-Bear Workshop in the second quarter valued at about $4,125,000. Vanguard Group Inc. increased its stake in shares of Build-A-Bear Workshop by 49.9% in the second quarter. Vanguard Group Inc. now owns 958,194 shares of the specialty retailer’s stock valued at $5,356,000 after buying an additional 319,000 shares during the period. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Build-A-Bear Workshop in the second quarter valued at about $72,000. 64.99% of the stock is owned by institutional investors.
In other Build-A-Bear Workshop news, Director David Kanen bought 9,800 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price of $2.89 per share, for a total transaction of $28,322.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have purchased 20,700 shares of company stock worth $63,724. 8.40% of the stock is owned by corporate insiders.
Shares of Build-A-Bear Workshop stock opened at $3.64 on Friday. Build-A-Bear Workshop, Inc has a one year low of $2.31 and a one year high of $8.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.41 and a current ratio of 1.23. The stock’s 50-day moving average is $3.08 and its 200 day moving average is $4.58.
Build-A-Bear Workshop (NYSE:BBW) last announced its earnings results on Thursday, August 29th. The specialty retailer reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.07). Build-A-Bear Workshop had a negative net margin of 4.95% and a negative return on equity of 7.31%. The business had revenue of $79.21 million for the quarter, compared to the consensus estimate of $86.80 million. During the same quarter in the previous year, the company earned ($0.12) EPS. Analysts expect that Build-A-Bear Workshop, Inc will post -0.05 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. ValuEngine raised Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered Build-A-Bear Workshop from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.
About Build-A-Bear Workshop
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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