Pacifica Capital Exits Build-A-Bear Workshop Stake

TL;DR

**Pacifica Capital just dumped all its BBW shares.**

AI Summary

Pacifica Capital Investments, LLC, a Texas-based investment firm, has filed an SC 13G indicating they no longer beneficially own shares of Build-A-Bear Workshop, Inc. (BBW) as of January 10, 2024. This filing, made under Rule 13d-1(d), signifies a complete divestment of their previous holdings. For current or prospective BBW shareholders, this means a notable institutional investor has exited their position, which could be interpreted as a loss of confidence or a strategic portfolio reallocation.

Why It Matters

This signals that a professional investment firm has decided to sell all its shares in Build-A-Bear, which could influence other investors' perceptions of the stock's future prospects.

Risk Assessment

Risk Level: low — While an institutional exit can be a negative signal, this filing simply confirms a past event and doesn't introduce new, immediate risks to the company's operations.

Analyst Insight

An investor might want to research the reasons behind Pacifica Capital's complete divestment from Build-A-Bear Workshop, Inc. and consider if those reasons align with their own investment thesis before making any decisions.

Key Numbers

• 0 — Sole Voting Power (Indicates Pacifica Capital Investments holds no shares with sole voting power as of the filing date.)
• 0 — Shared Voting Power (Indicates Pacifica Capital Investments holds no shares with shared voting power as of the filing date.)
• 0 — Sole Dispositive Power (Indicates Pacifica Capital Investments holds no shares with sole dispositive power as of the filing date.)
• 0 — Shared Dispositive Power (Indicates Pacifica Capital Investments holds no shares with shared dispositive power as of the filing date.)
• 0 — Aggregate Amount Beneficially Owned (Confirms Pacifica Capital Investments no longer beneficially owns any shares of Build-A-Bear Workshop, Inc.)

Key Players & Entities

• Pacifica Capital Investments, LLC (company) — the reporting person that filed the SC 13G
• Build-A-Bear Workshop, Inc. (company) — the subject company whose shares were divested
• January 10, 2024 (date) — the date of the event requiring the filing
• Texas (company) — place of organization for Pacifica Capital Investments

Forward-Looking Statements

• Other institutional investors may review their positions in Build-A-Bear Workshop following Pacifica Capital's full divestment. (Build-A-Bear Workshop, Inc.) — medium confidence, target: Q1 2024
• The stock price of Build-A-Bear Workshop may experience minor downward pressure or increased scrutiny due to this institutional exit. (Build-A-Bear Workshop, Inc.) — low confidence, target: Near-term

FAQ

Filing Documents

• tm243947d1_sc13g.htm (SC 13G) — 49KB
• 0001104659-24-005958.txt ( ) — 51KB

(a)

Item 1(a). Name of Issuer: Build-A-Bear Workshop, Inc.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 1954 Innerbelt Business Center Drive St. Louis, MO 63114 United States

(a)

Item 2(a). Name of Person Filing: Pacifica Capital Investments

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 3550 Lakeline Blvd. Ste 170, #1715 Leander, TX 78641

(c)

Item 2(c). Citizenship: United States

(d)

Item 2(d). Title of Class of Securities: Common

(e)

Item 2(e). CUSIP Number: 120076104 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) o An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 752,299 (b) Percent of class: 5.21% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 752,299 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. If this statement is

View Full Filing

View this SC 13G filing on SEC EDGAR