Build-A-Bear Workshop (NYSE:BBW) Given “Buy” Rating at DA Davidson

Build-A-Bear Workshop (NYSE:BBW)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a report released on Friday,Benzinga reports. They currently have a $50.00 target price on the specialty retailer’s stock. DA Davidson’s price target indicates a potential upside of 37.36% from the stock’s previous close.

Several other analysts have also issued reports on BBW. StockNews.com upgraded Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a report on Thursday. Northland Securities upped their price objective on Build-A-Bear Workshop from $38.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th.

Build-A-Bear Workshop Price Performance

BBW stock traded up $1.05 during midday trading on Friday, hitting $36.40. The company’s stock had a trading volume of 81,546 shares, compared to its average volume of 249,914. The company’s fifty day moving average price is $40.47 and its 200 day moving average price is $38.21. Build-A-Bear Workshop has a twelve month low of $23.63 and a twelve month high of $48.23. The stock has a market capitalization of $489.23 million, a P/E ratio of 9.64 and a beta of 1.50.

Insiders Place Their Bets

In other Build-A-Bear Workshop news, insider J. Christopher Hurt sold 12,635 shares of Build-A-Bear Workshop stock in a transaction on Wednesday, January 15th. The shares were 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 directly owns 49,386 shares of the company’s stock, valued at $1,952,228.58. The trade was a 20.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sharon Price John sold 68,859 shares of Build-A-Bear Workshop stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $46.06, for a total transaction of $3,171,645.54. Following the sale, the chief executive officer now directly owns 347,820 shares of the company’s stock, valued at $16,020,589.20. The trade was a 16.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 161,666 shares of company stock valued at $7,010,081 over the last 90 days. 7.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Build-A-Bear Workshop

Several hedge funds have recently bought and sold shares of BBW. Squarepoint Ops LLC increased its stake in shares of Build-A-Bear Workshop by 62.7% during the fourth quarter. Squarepoint Ops LLC now owns 18,802 shares of the specialty retailer’s stock worth $866,000 after purchasing an additional 7,245 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in shares of Build-A-Bear Workshop during the fourth quarter worth $585,000. Quantedge Capital Pte Ltd bought a new stake in shares of Build-A-Bear Workshop in the fourth quarter valued at about $1,750,000. Lazard Asset Management LLC boosted its position in shares of Build-A-Bear Workshop by 55.6% in the fourth quarter. Lazard Asset Management LLC now owns 55,611 shares of the specialty retailer’s stock valued at $2,560,000 after acquiring an additional 19,874 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Build-A-Bear Workshop by 52.9% in the fourth quarter. Deutsche Bank AG now owns 11,888 shares of the specialty retailer’s stock valued at $547,000 after acquiring an additional 4,111 shares in the last quarter. 79.30% of the stock is currently 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.