Blue Grotto Capital LLC Acquires New Stake in Birkenstock Holding PLC $BIRK

Blue Grotto Capital LLC purchased a new position in shares of Birkenstock Holding PLC (NYSE:BIRK) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 326,576 shares of the company’s stock, valued at approximately $13,357,000. Birkenstock accounts for 1.4% of Blue Grotto Capital LLC’s portfolio, making the stock its 23rd largest holding. Blue Grotto Capital LLC owned 0.18% of Birkenstock as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in Birkenstock during the 3rd quarter worth about $28,000. Kestra Advisory Services LLC bought a new position in shares of Birkenstock during the 4th quarter worth about $42,000. Quarry LP boosted its position in shares of Birkenstock by 99.2% during the 3rd quarter. Quarry LP now owns 988 shares of the company’s stock worth $45,000 after purchasing an additional 492 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of Birkenstock by 77.4% during the 4th quarter. GW&K Investment Management LLC now owns 1,114 shares of the company’s stock worth $46,000 after purchasing an additional 486 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Birkenstock by 61.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock worth $59,000 after purchasing an additional 488 shares in the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Trading Down 2.0%

Shares of BIRK stock opened at $47.79 on Tuesday. The company has a 50 day moving average of $39.72 and a 200-day moving average of $40.02. The company has a quick ratio of 1.19, a current ratio of 2.95 and a debt-to-equity ratio of 0.45. Birkenstock Holding PLC has a 12-month low of $31.12 and a 12-month high of $53.53. The firm has a market cap of $8.79 billion, a P/E ratio of 21.59, a PEG ratio of 2.04 and a beta of 1.24.

Insiders Place Their Bets

In related news, insider Mehdi Nico Bouyakhf sold 60,000 shares of Birkenstock stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $42.07, for a total value of $2,524,200.00. Following the completion of the transaction, the insider directly owned 61,153 shares in the company, valued at approximately $2,572,706.71. The trade was a 49.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus set a $51.00 price objective on shares of Birkenstock in a research report on Wednesday, May 13th. Wall Street Zen cut shares of Birkenstock from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Seaport Research Partners raised shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, April 14th. Telsey Advisory Group decreased their price objective on shares of Birkenstock from $60.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Finally, BTIG Research decreased their price objective on shares of Birkenstock from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.68.

About Birkenstock

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.