UniFirst Corp. (NYSE:UNF) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $118.87 and last traded at $117.09, with a volume of 80,995 shares changing hands. The stock had previously closed at $116.12.

Several brokerages recently commented on UNF. JPMorgan Chase & Co. reiterated a “hold” rating on shares of UniFirst Corp. in a report on Thursday, June 30th. Zacks Investment Research downgraded shares of UniFirst Corp. from a “hold” rating to a “sell” rating in a report on Thursday, April 14th. Finally, Robert W. Baird downgraded shares of UniFirst Corp. from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $125.00 to $121.00 in a report on Friday, July 1st.

The stock has a market cap of $2.33 billion and a PE ratio of 19.67. The company has a 50-day moving average of $114.24 and a 200 day moving average of $108.66.

UniFirst Corp. (NYSE:UNF) last issued its quarterly earnings data on Wednesday, June 29th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. During the same period in the prior year, the company earned $1.61 EPS. The company had revenue of $367 million for the quarter, compared to the consensus estimate of $366.38 million. The firm’s revenue was up .6% on a year-over-year basis. Analysts expect that UniFirst Corp. will post $5.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Wednesday, September 7th.

In other news, VP David A. Difillippo sold 1,266 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $113.69, for a total transaction of $143,931.54. Following the completion of the sale, the vice president now owns 3,512 shares of the company’s stock, valued at $399,279.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David A. Difillippo sold 466 shares of the stock in a transaction on Friday, May 20th. The stock was sold at an average price of $110.43, for a total transaction of $51,460.38. Following the sale, the vice president now directly owns 3,823 shares of the company’s stock, valued at approximately $422,173.89. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of UNF. Dimensional Fund Advisors LP increased its stake 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 in the last quarter. Marshall Wace LLP increased its stake in shares of UniFirst Corp. by 20.1% in the fourth quarter. Marshall Wace LLP now owns 22,208 shares of the company’s stock valued at $2,314,000 after buying an additional 3,724 shares in the last quarter. Bragg Financial Advisors Inc increased its stake in shares of UniFirst Corp. by 0.6% in the fourth quarter. Bragg Financial Advisors Inc now owns 26,824 shares of the company’s stock valued at $2,795,000 after buying an additional 160 shares in the last quarter. Victory Capital Management Inc. increased its stake 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 in the last quarter. Finally, Burney Co. increased its stake in shares of UniFirst Corp. by 0.5% in the fourth quarter. Burney Co. now owns 150,568 shares of the company’s stock valued at $15,900,000 after buying an additional 685 shares in 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.