Sherbrooke Park Advisers LLC Takes $585,000 Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Sherbrooke Park Advisers LLC acquired a new position in Build-A-Bear Workshop, Inc. (NYSE:BBW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,709 shares of the specialty retailer’s stock, valued at approximately $585,000.

Several other large investors have also recently modified their holdings of the company. USA Financial Formulas acquired a new stake in Build-A-Bear Workshop in the fourth quarter valued at approximately $27,000. New York State Teachers Retirement System purchased a new stake in shares of Build-A-Bear Workshop during the 4th quarter valued at $53,000. Tower Research Capital LLC TRC boosted its position in shares of Build-A-Bear Workshop by 494.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 1,405 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Build-A-Bear Workshop by 26.0% in the 4th quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer’s stock worth $175,000 after purchasing an additional 783 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Build-A-Bear Workshop during the 4th quarter worth $200,000. Institutional investors own 79.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. DA Davidson upgraded Build-A-Bear Workshop to a “strong-buy” rating in a research note on Thursday. StockNews.com lowered shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, Piper Sandler lifted their target price on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday.

Build-A-Bear Workshop Stock Performance

Shares of BBW stock opened at $42.33 on Friday. Build-A-Bear Workshop, Inc. has a fifty-two week low of $23.63 and a fifty-two week high of $48.23. The firm has a market capitalization of $558.97 million, a PE ratio of 11.26 and a beta of 0.54. The stock’s 50-day simple moving average is $37.01 and its 200-day simple moving average is $39.30.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $150.45 million for the quarter, compared to the consensus estimate of $147.53 million. Sell-side analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from Build-A-Bear Workshop’s previous quarterly dividend of $0.20. Build-A-Bear Workshop’s dividend payout ratio (DPR) is 23.10%.

Build-A-Bear Workshop 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.