Build-A-Bear Workshop (NYSE:BBW) Releases Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Build-A-Bear Workshop (NYSE:BBWGet Rating) issued its earnings results on Thursday. The specialty retailer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.23, MarketWatch Earnings reports. Build-A-Bear Workshop had a net margin of 11.68% and a return on equity of 47.49%. During the same period in the previous year, the firm earned $0.60 earnings per share. Build-A-Bear Workshop updated its FY 2022 guidance to EPS.

BBW stock opened at $19.99 on Friday. Build-A-Bear Workshop has a twelve month low of $13.81 and a twelve month high of $23.50. The stock has a market capitalization of $315.84 million, a price-to-earnings ratio of 6.35 and a beta of 1.81. The firm’s fifty day simple moving average is $18.25 and its two-hundred day simple moving average is $18.71.

In related news, major shareholder Cannell Capital Llc purchased 30,150 shares of the business’s stock in a transaction dated Friday, March 11th. The shares were purchased at an average cost of $15.97 per share, for a total transaction of $481,495.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maxine Clark sold 3,600 shares of the company’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $18.46, for a total transaction of $66,456.00. Following the completion of the transaction, the director now owns 15,013 shares in the company, valued at $277,139.98. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 31,464 shares of company stock worth $503,252 and have sold 23,048 shares worth $426,504. Insiders own 14.70% of the company’s stock.

A number of large investors have recently modified their holdings of BBW. Cannell Capital LLC lifted its holdings in Build-A-Bear Workshop by 29.9% in the 1st quarter. Cannell Capital LLC now owns 1,670,230 shares of the specialty retailer’s stock valued at $30,532,000 after purchasing an additional 384,649 shares in the last quarter. KB Financial Partners LLC grew its position in shares of Build-A-Bear Workshop by 15.1% during the first quarter. KB Financial Partners LLC now owns 17,905 shares of the specialty retailer’s stock worth $327,000 after buying an additional 2,354 shares in the last quarter. SkyView Investment Advisors LLC grew its position in shares of Build-A-Bear Workshop by 1,303.8% during the first quarter. SkyView Investment Advisors LLC now owns 19,176 shares of the specialty retailer’s stock worth $351,000 after buying an additional 17,810 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Build-A-Bear Workshop during the first quarter worth about $39,000. Finally, Royal Bank of Canada grew its position in shares of Build-A-Bear Workshop by 16.1% during the first quarter. Royal Bank of Canada now owns 15,012 shares of the specialty retailer’s stock worth $274,000 after buying an additional 2,082 shares in the last quarter. Institutional investors own 64.36% of the company’s stock.

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

Build-A-Bear Workshop Company Profile (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.

Further Reading

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

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