Brant Point Investment Management LLC Takes Position in Chewy $CHWY

Brant Point Investment Management LLC purchased a new position in Chewy (NYSE:CHWY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 55,038 shares of the company’s stock, valued at approximately $2,346,000.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Chewy by 412.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock valued at $46,000 after purchasing an additional 878 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Chewy by 34.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after buying an additional 298 shares during the last quarter. Hughes Financial Services LLC purchased a new position in shares of Chewy in the second quarter worth about $55,000. Parallel Advisors LLC boosted its position in Chewy by 73.2% during the second quarter. Parallel Advisors LLC now owns 1,365 shares of the company’s stock worth $58,000 after acquiring an additional 577 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Chewy by 1,816.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the company’s stock worth $64,000 after acquiring an additional 1,417 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Stock Performance

CHWY stock opened at $33.50 on Monday. Chewy has a one year low of $29.83 and a one year high of $48.62. The firm has a market cap of $13.90 billion, a PE ratio of 95.71, a PEG ratio of 8.18 and a beta of 1.58. The firm’s 50 day moving average price is $35.45 and its 200-day moving average price is $38.54.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, September 10th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Chewy has set its Q3 2025 guidance at 0.280-0.330 EPS. Equities research analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on CHWY. Morgan Stanley cut their price objective on shares of Chewy from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Mizuho reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Chewy in a report on Tuesday, November 4th. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Thursday, September 25th. Wall Street Zen lowered Chewy from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research note on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and an average target price of $46.17.

Insider Activity at Chewy

In other Chewy news, CAO William G. Billings sold 1,121 shares of Chewy stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $36,679.12. Following the completion of the sale, the chief accounting officer directly owned 31,045 shares in the company, valued at $1,015,792.40. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Satish Mehta sold 8,872 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.53, for a total transaction of $297,478.16. Following the completion of the sale, the chief technology officer directly owned 229,702 shares in the company, valued at $7,701,908.06. This trade represents a 3.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 83,985 shares of company stock worth $2,802,809. Company insiders own 0.43% of the company’s stock.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.