UniFirst (NYSE:UNF) Upgraded at StockNews.com

UniFirst (NYSE:UNF) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Separately, Robert W. Baird upped their price target on shares of UniFirst from $199.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $186.25.

UniFirst Stock Performance

NYSE:UNF traded down $1.20 during mid-day trading on Wednesday, reaching $191.63. The stock had a trading volume of 81,890 shares, compared to its average volume of 84,619. UniFirst has a twelve month low of $149.58 and a twelve month high of $205.38. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 24.66 and a beta of 0.82. The business has a 50 day simple moving average of $190.90 and a 200 day simple moving average of $179.37.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its position in UniFirst by 60.5% during the third quarter. GAMMA Investing LLC now owns 183 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 69 shares during the period. Quarry LP grew its holdings in shares of UniFirst by 1,627.3% during the 2nd quarter. Quarry LP now owns 190 shares of the textile maker’s stock worth $33,000 after purchasing an additional 179 shares during the period. First Horizon Advisors Inc. increased its position in UniFirst by 16.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 367 shares of the textile maker’s stock worth $73,000 after purchasing an additional 52 shares in the last quarter. Covestor Ltd increased its position in UniFirst by 69.7% during the 1st quarter. Covestor Ltd now owns 414 shares of the textile maker’s stock worth $72,000 after purchasing an additional 170 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in UniFirst by 291.6% in the third quarter. TD Private Client Wealth LLC now owns 466 shares of the textile maker’s stock valued at $93,000 after buying an additional 347 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

About UniFirst

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.