Chewy stock falls as meme stock influencer Roaring Kitty reveals 6.6% stake

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William Blair Reiterates Outperform Rating on Chewy Inc. (CHWY)

July 2, 2024 7:49 AM EDT

William Blair analyst Dylan Carden reiterated an Outperform rating on Chewy Inc. (NYSE: CHWY).

The analyst comments "First, we clearly agree with Gill. Chewy remains our top pick this year because we believe valuation reflects an irrational belief that active customer growth is stalled, with underlying value of longer-term free cash flow being overly discounted in the process. Looking at valuation, at $32.50 in pre-market, shares are trading just above 1 times 2025 sales and18.5 times our initial out-year free cash... More

Evercore ISI on Chewy Inc. (CHWY): 'our survey noted a sizeable drop in selection of Chewy as a Pet Supplies Online shopping destination'

July 1, 2024 4:11 PM EDT

Evercore ISI analyst Mark Mahaney reiterated an In Line rating and $22.00 price target on Chewy Inc. (NYSE: CHWY).

The analyst comments "Our View: We reiterate our In Line Rating on CHWY following our 4 th Annual U.S. Pet Survey of 600+ pet owners/Chewy... More

CFRA on Chewy Inc. (CHWY): 'investors should brace for a period of extended volatility'

July 1, 2024 1:24 PM EDT

CFRA analyst Arun Sundaram reiterated a Hold rating and $23.00 price target on Chewy Inc. (NYSE: CHWY).

The analyst comments "CHWY shares are experiencing volatility following an SEC filing revealing that meme stock trader Keith Gill, also known as "Roaring Kitty," has acquired 9M Class A common... More

Citron Research: Keith Gill investing $200 mil in Chewy? Unlikely this is his own money (CHWY) (GME)

July 1, 2024 8:11 AM EDT

Citron Research: Keith Gill investing $200 mil in Chewy? Unlikely this is his own money (CHWY) (GME)


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GameStop shares slide as Roaring Kitty discloses stake in pet retailer Chewy

July 1, 2024 7:37 AM EDT

(Updated - July 1, 2024 7:55 AM EDT)

Shares in GameStop (NYSE: GME) fell in premarket trading Monday after "Roaring Kitty," the stock influencer behind GME's meme stock surges, disclosed a stake in online pet food retailer Chewy (NYSE: CHWY).

GameStop stock was down more than 6% at the time of writing.

According to a filing with the Securities and Exchange Commission (SEC), Roaring Kitty, whose real name is... More