Blue Grotto Capital LLC Invests $13.36 Million in Birkenstock Holding PLC $BIRK

Blue Grotto Capital LLC acquired a new position in shares of Birkenstock Holding PLC (NYSE:BIRK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 326,576 shares of the company’s stock, valued at approximately $13,357,000. Birkenstock comprises about 1.4% of Blue Grotto Capital LLC’s portfolio, making the stock its 23rd largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Bamco Inc. NY raised its position in Birkenstock by 41.9% in the 3rd quarter. Bamco Inc. NY now owns 6,353,801 shares of the company’s stock worth $287,509,000 after purchasing an additional 1,876,398 shares during the period. Dimensional Fund Advisors LP raised its position in Birkenstock by 61.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company’s stock worth $126,534,000 after purchasing an additional 1,181,919 shares during the period. Morgan Stanley raised its position in Birkenstock by 25.1% in the 4th quarter. Morgan Stanley now owns 2,797,719 shares of the company’s stock worth $114,427,000 after purchasing an additional 562,188 shares during the period. Westfield Capital Management Co. LP raised its position in Birkenstock by 34.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,254,493 shares of the company’s stock worth $102,016,000 after purchasing an additional 577,543 shares during the period. Finally, Holocene Advisors LP raised its position in Birkenstock by 239.3% in the 2nd quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock worth $85,984,000 after purchasing an additional 1,233,085 shares during the period. 19.93% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Mehdi Nico Bouyakhf sold 60,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $42.07, for a total transaction of $2,524,200.00. Following the sale, the insider owned 61,153 shares of the company’s stock, valued at $2,572,706.71. The trade was a 49.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Birkenstock Price Performance

Shares of NYSE BIRK opened at $47.79 on Tuesday. Birkenstock Holding PLC has a 1 year low of $31.12 and a 1 year high of $53.53. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.19. The company’s 50-day moving average is $39.72 and its 200 day moving average is $40.02. The stock has a market capitalization of $8.79 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.04 and a beta of 1.24.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Seaport Research Partners upgraded shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Tuesday, April 14th. Zacks Research cut shares of Birkenstock from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Morgan Stanley set a $41.00 price objective on shares of Birkenstock in a research report on Thursday, May 14th. Telsey Advisory Group decreased their price objective on shares of Birkenstock from $60.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Finally, Stifel Nicolaus set a $51.00 price objective on shares of Birkenstock in a research report on Wednesday, May 13th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.68.

Birkenstock Company Profile

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.