Potrero Capital Research buys $7.5 Million stake in Build-A-Bear Workshop Inc (BBW)

Build-A-Bear Workshop Inc (BBW) : Potrero Capital Research scooped up 66,087 additional shares in Build-A-Bear Workshop Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 560,353 shares of Build-A-Bear Workshop Inc which is valued at $7.5 Million.Build-A-Bear Workshop Inc makes up approximately 6.92% of Potrero Capital Research’s portfolio.

Other Hedge Funds, Including , Systematic Financial Management Lp sold out all of its stake in BBW during the most recent quarter. The investment firm sold 121,579 shares of BBW which is valued $1.6 Million. Alps Advisors Inc sold out all of its stake in BBW during the most recent quarter. The investment firm sold 25,925 shares of BBW which is valued $346,358.Manufacturers Life Insurance Company The reduced its stake in BBW by selling 57,653 shares or 24.04% in the most recent quarter. The Hedge Fund company now holds 182,125 shares of BBW which is valued at $2.4 Million.Blackrock Investment Management boosted its stake in BBW in the latest quarter, The investment management firm added 139 additional shares and now holds a total of 54,915 shares of Build-A-Bear Workshop Inc which is valued at $733,664. Princeton Alpha Management Lp sold out all of its stake in BBW during the most recent quarter. The investment firm sold 10,610 shares of BBW which is valued $144,508.

Build-A-Bear Workshop Inc opened for trading at $13.36 and hit $13.7 on the upside on Monday, eventually ending the session at $13.41, with a gain of 0.37% or 0.05 points. The heightened volatility saw the trading volume jump to 1,62,415 shares. Company has a market cap of $212 M.

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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