UniFirst (NYSE:UNF) Lowered to Buy Rating by StockNews.com

UniFirst (NYSE:UNF) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, Robert W. Baird raised their price objective on UniFirst from $199.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UniFirst presently has a consensus rating of “Hold” and an average target price of $186.25.

UniFirst Stock Down 1.6 %

Shares of UniFirst stock opened at $202.84 on Thursday. UniFirst has a 12-month low of $149.58 and a 12-month high of $208.20. The stock has a market cap of $3.77 billion, a P/E ratio of 26.11 and a beta of 0.82. The business’s 50 day moving average is $192.00 and its 200-day moving average is $180.53.

Insider Buying and Selling at UniFirst

In other UniFirst news, VP David Martin Katz sold 587 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $193.08, for a total transaction of $113,337.96. Following the sale, the vice president now directly owns 5,625 shares in the company, valued at approximately $1,086,075. This trade represents a 9.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Steven S. Sintros sold 3,207 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.04, for a total value of $619,079.28. Following the completion of the transaction, the chief executive officer now directly owns 22,571 shares in the company, valued at $4,357,105.84. The trade was a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,294 shares of company stock worth $2,546,632. 0.74% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UniFirst

A number of institutional investors and hedge funds have recently bought and sold shares of UNF. Quarry LP grew its holdings in UniFirst by 1,627.3% in the second quarter. Quarry LP now owns 190 shares of the textile maker’s stock worth $33,000 after purchasing an additional 179 shares during the last quarter. GAMMA Investing LLC raised its position in UniFirst by 60.5% during the third quarter. GAMMA Investing LLC now owns 183 shares of the textile maker’s stock worth $36,000 after acquiring an additional 69 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of UniFirst by 16.5% during the third quarter. First Horizon Advisors Inc. now owns 367 shares of the textile maker’s stock valued at $73,000 after acquiring an additional 52 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of UniFirst in the second quarter worth about $92,000. Finally, TD Private Client Wealth LLC boosted its stake in UniFirst by 291.6% during the third quarter. TD Private Client Wealth LLC now owns 466 shares of the textile maker’s stock worth $93,000 after buying an additional 347 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.