J. Carlo Cannell‘s Cannell Capital is bullish on Build-A-Bear Workshop, Inc (NYSE:BBW), having recently increased its position in the company. According to an amended filing with the Securities and Exchange Commission, Cannell Capital now holds 793,261 shares, up from 609,415 shares reported in its latest 13F filing. The fund’s current stake amounts to roughly 5% of the company’s outstanding stock.
Build-A-Bear Workshop, Inc (NYSE:BBW) is a retailer of plush animals and related products with an international presence. The company has a market cap of $189 million and does not pay a dividend. Share are trading at an earnings multiple of 9 and are currently down by 11% for the year through Friday’s closing price of $12.20 per unit. Build-A-Bear Workshop is set to release 2016 fourth quarter results on February 14 before market open, with analysts looking for $126 million in revenue and $0.71 in earnings per share. The stock currently has one ‘Hold’ rating and one ‘Buy’ rating, and a consensus price target of $15.50 per share, which implies an upside potential of approximately 27%.
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Hedge fund interest in Build-A-Bear Workshop, Inc (NYSE:BBW) was stagnant during the third quarter, with 12 of the funds followed by Insider Monkey having reported a stake in the company as of the end of September. Together these funds amassed 26.7% of Build-A-Bear Workshop’s common stock. Brett Hendrickson‘s Nokomis Capital held some 1.4 million shares at the end of September, up by 7% over the quarter, while Jim Simons‘ Renaissance Technologies cut its exposure by 10% to 615,600 shares during the third quarter.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| J. Carlo Cannell | 793,261 | 0 | 793,261 | 0 | 793,261 | 5.00% |
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Page 1 of 7 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
1
Build-A-Bear Workshop, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
120076104
(CUSIP Number)
J. Carlo Cannell
Cannell Capital LLC
245 Meriwether Circle
Alta, WY
83414
(307) 733-2284
(Name, Address and Telephone Number of Person
to Receive Notices and Communications)
January 19, 2017
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is
the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f)
or 240.13d-1(g), check the following box. ☐
Note.
Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See §240.13d-7
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 7 Pages)
______________________
* The remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934
(“Act”) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a current
valid OMB control number.
