Cannell Capital Lowers stake in Build-A-Bear Workshop Inc (BBW)

Build-A-Bear Workshop Inc (BBW) : Cannell Capital reduced its stake in Build-A-Bear Workshop Inc by 40.01% during the most recent quarter end. The investment management company now holds a total of 803,970 shares of Build-A-Bear Workshop Inc which is valued at $10.7 Million after selling 536,205 shares in Build-A-Bear Workshop Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Build-A-Bear Workshop Inc makes up approximately 4.38% of Cannell Capital’s portfolio.

Other Hedge Funds, Including , Massachusetts Financial Services Co reduced its stake in BBW by selling 701 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 18,036 shares of BBW which is valued at $240,961.Neumeier Poma Investment Counsel boosted its stake in BBW in the latest quarter, The investment management firm added 65,750 additional shares and now holds a total of 351,075 shares of Build-A-Bear Workshop Inc which is valued at $4.7 Million. Build-A-Bear Workshop Inc makes up approx 0.77% of Neumeier Poma Investment Counsel’s portfolio. Numeric Investors added BBW to its portfolio by purchasing 23,600 company shares during the most recent quarter which is valued at $321,432.

Build-A-Bear Workshop Inc closed down -0.28 points or -1.99% at $13.78 with 1,56,764 shares getting traded on Wednesday. Post opening the session at $14.05, the shares hit an intraday low of $13.77 and an intraday high of $14.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Build-A-Bear Workshop Inc reported $0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.37. The company had revenue of $95.00 million for the quarter, compared to analysts expectations of $96.66 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Build-A-Bear Workshop Inc. is a specialty retailer offering a make your own stuffed animal retail-entertainment experience in which customers can visit a range of stations in order to make and customize a stuffed animal. The Company conducts its operations through three reportable segments: retail international franchising and commercial. The Retail Segment includes the operating activities of company owned stores in the United States Canada the United Kingdom and Ireland. The segment also includes other retail delivery operations including the Company’s Web store temporary stores and non-traditional store locations. The international franchising segment includes the licensing activities of the Company’s franchise agreements with store locations in Europe Asia Australia Africa the Middle East and Mexico. The commercial segment has been established to market the naming and branding rights of the Company’s properties for third party use.

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