Chewy Becomes the Latest Stock Pick of Roaring Kitty
Chewy stock is volatile Monday after Keith Gill, the investor known as Roaring Kitty, disclosed a 6.6% stake in the online pet retailer.
Chewy (CHWY) stock was trading more than 26% higher in Monday's pre-market session after Keith Gill, the investor also known as Roaring Kitty, disclosed a noteworthy position in the online pet food and products retailer. However, the stock quickly came back down to earth and was last seen 6% lower.
In a filing with the Securities and Exchange Commission (SEC), Gill disclosed a 6.6% stake in Chewy worth just over $245 million based on Friday's closing price of $27.24. In total, Gill owns roughly 9 million shares of the consumer discretionary stock.
Roaring Kitty helped spark a massive short squeeze in GameStop (GME) stock back in 2021 and returned to the spotlight with a cryptic post on X in mid-May, igniting another round of meme stock mania.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Gill apparently now has his sights set on Chewy. The pet supplies company was founded by Ryan Cohen in 2011, and he was CEO of the CHWY until 2018. Cohen has since left Chewy and is now chairman and CEO of GameStop.
Is Chewy stock a buy, sell or hold?
After a slow start to the year, Chewy is now up over 60% in the past three months thanks in part to a solid fiscal first-quarter earnings report. And Wall Street is bullish on the stock. According to S&P Global Market Intelligence, the consensus recommendation among the 28 analysts following CHWY that it tracks is a Buy.
However, analysts' price targets have struggled to keep up with CHWY’s surging share price in recent months. Currently, the average price target of $26.08 is right around where the stock stands today.
Financial services firm Wedbush is one of the more bullish outfits on CHWY stock with a Buy rating at $28 price target.
"CHWY continues to gain market share and materially expand margins in a weak industry environment while the company indicated encouraging pet household formation trends with net adoptions turning positive for the first time since 2022," Wedbush analyst Seth Basham said in a May 30 note following Chewy's earnings release. "Additionally, benefits from cross-sales of pharmacy products continues to drive net spending per average customer (NSPAC) higher with further room for improvement and additional upside potential if industry demand normalizes."
Wedbush's $28 price target represents implied upside of roughly 10% to current levels.
Related Content
-
Dow Adds 292 Points as Goldman, Nvidia Soar: Stock Market TodayTaiwan Semiconductor's strong earnings sparked a rally in tech stocks on Thursday, while Goldman Sachs' earnings boosted financials.
-
Why Public Markets Don't Look Like They Used To -
Turning 65 in 2026? Here Is Exactly How to Sign Up for MedicareWhether you’re months away from your 65th birthday or plan to work past retirement age, here are the steps to secure your Medicare coverage and avoid costly mistakes.
-
Dow Adds 292 Points as Goldman, Nvidia Soar: Stock Market Today
Taiwan Semiconductor's strong earnings sparked a rally in tech stocks on Thursday, while Goldman Sachs' earnings boosted financials.
-
What's in Store for the Stock Market in 2026?Wall Street expects the bull market to keep running in the year ahead.
-
Is a Caregiving Strategy — for Yourself and Others — Missing From Your Retirement Plan?Millions of people over 65 care for grandkids, adult kids or aging parents and will also need care themselves. Building a caregiving strategy is crucial.
-
6 Financially Savvy Power Moves for Women in 2026 (Prepare to Be in Charge!)Don't let the day-to-day get in the way of long-term financial planning. Here's how to get organized — including a reminder to dream big about your future.
-
Private Equity Is Fundamentally Changing: What Now for Investors and Business Owners?For 40 years, private equity enjoyed extraordinary returns thanks to falling rates and abundant credit. That's changed. What should PE firms and clients do now?
-
Stocks See First Back-to-Back Losses of 2026: Stock Market TodayRising geopolitical worries and a continued sell off in financial stocks kept pressure on the main indexes on Wednesday.
-
I'm a Real Estate Expert: 2026 Marks a Seismic Shift in Tax Rules, and Investors Could Reap Millions in RewardsThree major tax strategies will align in 2026, creating unique opportunities for real estate investors to significantly grow their wealth. Here's how it works.
-
When Can Tax Planning Be an Act of Love? This Family Found OutHow can you give stock worth millions to a loved one without giving them a huge capital gains tax bill? This family's financial adviser provided the answer.
