Build-A-Bear Workshop (NYSE:BBW) Posts Earnings Results, Beats Estimates By $0.23 EPS

Build-A-Bear Workshop (NYSE:BBWGet Rating) released its quarterly earnings results on Thursday. The specialty retailer reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.23, MarketWatch Earnings reports. Build-A-Bear Workshop had a return on equity of 43.83% and a net margin of 11.48%. During the same quarter last year, the company earned $0.60 EPS. Build-A-Bear Workshop updated its FY 2022 guidance to EPS.

Shares of Build-A-Bear Workshop stock traded up $1.04 during trading on Friday, hitting $20.16. 13,177 shares of the company were exchanged, compared to its average volume of 333,198. The stock has a market capitalization of $318.55 million, a price-to-earnings ratio of 6.55 and a beta of 1.81. Build-A-Bear Workshop has a fifty-two week low of $13.77 and a fifty-two week high of $23.50. The firm has a 50 day moving average price of $18.22 and a 200 day moving average price of $18.67.

A number of equities research analysts recently commented on BBW shares. StockNews.com started coverage on shares of Build-A-Bear Workshop in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Finally, TheStreet upgraded shares of Build-A-Bear Workshop from a “c+” rating to a “b-” rating in a research report on Thursday, March 10th.

In related news, major shareholder Cannell Capital Llc acquired 30,150 shares of the stock in a transaction dated Friday, March 11th. The stock was bought at an average cost of $15.97 per share, with a total value of $481,495.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Maxine Clark sold 3,600 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $18.46, for a total transaction of $66,456.00. Following the sale, the director now directly owns 15,013 shares of the company’s stock, valued at $277,139.98. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 31,464 shares of company stock valued at $503,252 and sold 23,048 shares valued at $426,504. 14.70% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in Build-A-Bear Workshop during the 1st quarter worth $37,000. Quantbot Technologies LP purchased a new stake in Build-A-Bear Workshop during the 1st quarter worth $39,000. UBS Group AG boosted its position in Build-A-Bear Workshop by 1,044.8% during the 3rd quarter. UBS Group AG now owns 2,198 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 2,006 shares during the period. Royal Bank of Canada boosted its position in Build-A-Bear Workshop by 16.1% during the 1st quarter. Royal Bank of Canada now owns 15,012 shares of the specialty retailer’s stock worth $274,000 after purchasing an additional 2,082 shares during the period. Finally, Citigroup Inc. purchased a new stake in Build-A-Bear Workshop during the 4th quarter worth $296,000. 64.36% of the stock is owned by institutional investors.

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, 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, accessories, and other toy and novelty items.

See Also

Earnings History for Build-A-Bear Workshop (NYSE:BBW)

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