Build-A-Bear Workshop (NYSE:BBW) Upgraded to Strong-Buy at DA Davidson

Build-A-Bear Workshop (NYSE:BBW) was upgraded by stock analysts at DA Davidson to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

BBW has been the topic of a number of other research reports. StockNews.com downgraded Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Piper Sandler raised their price objective on Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday.

Build-A-Bear Workshop Trading Down 0.4%

BBW stock opened at $41.77 on Thursday. Build-A-Bear Workshop has a one year low of $23.63 and a one year high of $48.23. The firm has a 50-day moving average of $36.88 and a two-hundred day moving average of $39.27. The firm has a market capitalization of $551.61 million, a PE ratio of 11.11 and a beta of 0.54.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.07. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.35%. The business had revenue of $150.45 million for the quarter, compared to analyst estimates of $147.53 million. On average, equities research analysts anticipate that Build-A-Bear Workshop will post 3.71 earnings per share for the current year.

Hedge Funds Weigh In On Build-A-Bear Workshop

A number of hedge funds have recently modified their holdings of the stock. OneDigital Investment Advisors LLC boosted its position in Build-A-Bear Workshop by 2.8% during the first quarter. OneDigital Investment Advisors LLC now owns 10,486 shares of the specialty retailer’s stock valued at $390,000 after purchasing an additional 289 shares during the last quarter. Brandywine Global Investment Management LLC lifted its holdings in shares of Build-A-Bear Workshop by 0.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 45,714 shares of the specialty retailer’s stock valued at $2,105,000 after buying an additional 340 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Build-A-Bear Workshop by 1.1% in the 1st quarter. SummerHaven Investment Management LLC now owns 31,861 shares of the specialty retailer’s stock valued at $1,184,000 after buying an additional 340 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Build-A-Bear Workshop by 106.1% in the 1st quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 419 shares in the last quarter. Finally, Ritholtz Wealth Management increased its holdings in Build-A-Bear Workshop by 2.4% in the first quarter. Ritholtz Wealth Management now owns 21,133 shares of the specialty retailer’s stock worth $786,000 after buying an additional 489 shares during the last quarter. 79.30% of the stock is owned by institutional investors and hedge funds.

Build-A-Bear Workshop Company Profile

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.