UniFirst Corp. (NYSE:UNF)’s share price reached a new 52-week high on Thursday . The stock traded as high as $118.87 and last traded at $117.09, with a volume of 80,995 shares. The stock had previously closed at $116.12.

Several research firms recently weighed in on UNF. Robert W. Baird cut UniFirst Corp. from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $125.00 to $121.00 in a research report on Friday, July 1st. Zacks Investment Research raised UniFirst Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, April 30th. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of UniFirst Corp. in a research report on Thursday, June 30th.

The company’s 50-day moving average is $114.15 and its 200-day moving average is $108.53. The stock has a market capitalization of $2.36 billion and a PE ratio of 19.88.

UniFirst Corp. (NYSE:UNF) last released its earnings results on Wednesday, June 29th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. The firm had revenue of $367 million for the quarter, compared to the consensus estimate of $366.38 million. UniFirst Corp.’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company posted $1.61 EPS. Equities analysts expect that UniFirst Corp. will post $5.67 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Wednesday, September 7th.

In other news, VP David A. Difillippo sold 1,266 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $113.69, for a total value of $143,931.54. Following the completion of the transaction, the vice president now owns 3,512 shares in the company, valued at approximately $399,279.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David A. Difillippo sold 1,267 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $109.00, for a total value of $138,103.00. Following the completion of the transaction, the vice president now owns 3,513 shares of the company’s stock, valued at approximately $382,917. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in shares of UniFirst Corp. by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 456,548 shares of the company’s stock valued at $47,572,000 after buying an additional 49,465 shares during the last quarter. Bank of Montreal Can boosted its position in shares of UniFirst Corp. by 608.0% in the fourth quarter. Bank of Montreal Can now owns 47,056 shares of the company’s stock valued at $4,904,000 after buying an additional 40,410 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of UniFirst Corp. by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 743,470 shares of the company’s stock valued at $77,471,000 after buying an additional 34,328 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of UniFirst Corp. by 31.4% in the fourth quarter. Wells Fargo & Company MN now owns 89,451 shares of the company’s stock valued at $9,321,000 after buying an additional 21,367 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of UniFirst Corp. by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 103,701 shares of the company’s stock valued at $10,806,000 after buying an additional 4,518 shares during the last quarter.

UniFirst Corporation (UniFirst) is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.