Build-A-Bear Workshop (NYSE:BBW) Shares Gap Up Following Dividend Announcement

Build-A-Bear Workshop, Inc. (NYSE:BBW) shares gapped up before the market opened on Thursday after the company announced a dividend. The stock had previously closed at $35.50, but opened at $40.98. Build-A-Bear Workshop shares last traded at $37.26, with a volume of 100,526 shares traded.

The newly announced dividend which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.22 per share. This is an increase from Build-A-Bear Workshop’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.49%. Build-A-Bear Workshop’s payout ratio is presently 21.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Northland Securities boosted their price objective on shares of Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. DA Davidson boosted their price objective on shares of Build-A-Bear Workshop from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, StockNews.com raised shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research report on Thursday.

Build-A-Bear Workshop Stock Down 0.4 %

The stock’s 50 day moving average price is $40.47 and its 200-day moving average price is $38.21. The stock has a market capitalization of $475.17 million, a PE ratio of 9.40 and a beta of 1.50.

Insider Transactions at Build-A-Bear Workshop

In other news, CEO Sharon Price John sold 68,859 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $46.06, for a total value of $3,171,645.54. Following the transaction, the chief executive officer now owns 347,820 shares of the company’s stock, valued at approximately $16,020,589.20. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vojin Todorovic sold 15,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $41.55, for a total transaction of $623,250.00. Following the completion of the transaction, the chief financial officer now directly owns 75,695 shares in the company, valued at $3,145,127.25. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 161,666 shares of company stock valued at $7,010,081. 7.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BBW. Janney Montgomery Scott LLC boosted its position in shares of Build-A-Bear Workshop by 3.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,483 shares of the specialty retailer’s stock valued at $807,000 after acquiring an additional 754 shares during the last quarter. GSA Capital Partners LLP increased its position in Build-A-Bear Workshop by 32.0% during the third quarter. GSA Capital Partners LLP now owns 23,437 shares of the specialty retailer’s stock valued at $806,000 after acquiring an additional 5,680 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Build-A-Bear Workshop by 1.9% in the third quarter. OneDigital Investment Advisors LLC now owns 22,397 shares of the specialty retailer’s stock valued at $770,000 after acquiring an additional 408 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Build-A-Bear Workshop in the 3rd quarter worth about $306,000. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Build-A-Bear Workshop by 1.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 98,581 shares of the specialty retailer’s stock worth $3,388,000 after purchasing an additional 1,409 shares during the period. 79.30% of the stock is currently owned by institutional investors.

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.