Added to YB: 2026-07-10
Pitch date: 2026-07-08
BBW [bullish]
Build-A-Bear Workshop, Inc.
+3.59%
current return
Author Info
P14 Capital is a former buy-side research analyst who uncovers undervalued opportunities in SMID-cap equities. Long-biased and generalist. Sign up for the newsletter.
Company Info
Build-A-Bear Workshop, Inc. operates as a mall-based, experiential specialty retailer for children in the United States, Canada, the United Kingdom, Ireland, North America, and Europe.
Market Cap
$364.4M
Pitch Price
$30.07
Price Target
65.00 (+115%)
Dividend
3.08%
EV/EBITDA
3.31
P/E
7.01
EV/Sales
0.88
Sector
Specialty Retail
Category
turnaround
$BBW - Build-A-Bear Workshop
BBW: Long at ~$31, PT $65 (+117%) on 9x FY28 EBITDA. Mkt prices post-COVID mall retailer in terminal decline; shares -50% YTD, P/E compressed 50%+, short interest ~25% of float. 1H27 = operational bottom; low bar into 2Q27 print could spark squeeze. Capital-light Commercial (54% CAGR, 106% ROIC, 53% margin) + Intl Franchising mix shift, strong 2H27 slate, $13.2M tariff refund, buybacks (-25% shares). EPS 10.3% CAGR. Bear case -20% to $24. Risks: e-comm/AI search, tariffs, mall traffic.
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