The price target increase reflects a positive outlook for the company’s growth prospects, particularly in the subscription-based business model. This optimism is driven by the company’s recent success in expanding its customer base and its ability to retain customers. Bank of America analysts believe that Chewy’s subscription model is a key differentiator, allowing it to generate recurring revenue and build a loyal customer base. This model has proven successful in the past, with Chewy’s subscription revenue growing at a healthy pace. Furthermore, the analysts highlight the company’s strong financial position, with a healthy cash balance and low debt levels.

Chewy, Inc. (NYSE: CYW) is a leading online retailer of pet supplies. The company has experienced a recent decline in its stock price, with shares trading down 0.5% on Thursday. This decline coincides with insider buying and selling activity at the company. **Detailed Text:**

Chewy, Inc. (NYSE: CYW), a prominent player in the online pet supply market, has recently witnessed a dip in its stock price.

This suggests that institutional investors and hedge funds are increasingly optimistic about Chewy’s future prospects. **Key Takeaways:**

* Institutional investors and hedge funds are showing increased interest in Chewy. * BC Partners Advisors L.P. has made a significant new investment in Chewy. * Baillie Gifford & Co. has increased its stake in Chewy. * These developments suggest a positive outlook for Chewy’s future. **Analysis:**

The recent actions of institutional investors and hedge funds highlight a growing belief in Chewy’s potential.