<div id="readability-page-1"><p>Cannon Global Investment Management LLC bought a new position in  UniFirst Corporation (NYSE:UNF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,800 shares of the textile maker's stock, valued at approximately $1,312,000. UniFirst accounts for about  3.3% of Cannon Global Investment Management LLC's portfolio, making the stock its 4th biggest position.</p><ul><li>MarketBeat Week in Review – 03/09 - 03/13</li></ul><p>Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in  UniFirst by 378.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 153 shares of the textile maker's stock worth $29,000 after acquiring an additional 121 shares during the period.  Geneos Wealth Management Inc. raised its holdings in  UniFirst by 474.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 155 shares of the textile maker's stock worth $27,000 after acquiring an additional 128 shares during the period.  Danske Bank A S bought a new position in shares of  UniFirst during the 3rd quarter worth about $33,000.  Cornerstone Planning Group LLC bought a new position in shares of  UniFirst during the 3rd quarter worth about $36,000.  Finally, Brown Brothers Harriman &amp; Co. increased its holdings in shares of  UniFirst by 1,244.0% during the 3rd quarter. Brown Brothers Harriman &amp; Co. now owns 336 shares of the textile maker's stock worth $56,000 after purchasing an additional 311 shares during the period. Institutional investors own  78.17% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>UNF has been the topic of several research reports. Barclays boosted their price objective on shares of UniFirst from $250.00 to $280.00 and gave the stock an &#34;equal weight&#34; rating in a report on Thursday, March 12th. Weiss Ratings  restated a &#34;hold (c)&#34; rating on shares of UniFirst in a report on Wednesday, January 21st. Robert W. Baird  set a $198.00 price objective on shares of UniFirst in a report on Thursday, January 8th. Zacks Research upgraded shares of UniFirst from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Monday, December 22nd. Finally, UBS Group boosted their price objective on shares of UniFirst from $206.00 to $260.00 and gave the stock a &#34;neutral&#34; rating in a report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Hold rating and one  has issued  a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of &#34;Reduce&#34; and a consensus price target of $228.25.</p><ul><li>Building a Juggernaut: The Cintas-UniFirst Merger</li></ul><p><b>Read Our Latest Report on UniFirst</b></p><h2>Insiders Place Their Bets</h2><p>In related news, VP David Martin Katz sold 1,464 shares of the company's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $237.54, for a total value of $347,758.56. Following the sale, the vice president owned 6,461 shares of the company's stock, valued at $1,534,745.94. The trade was a 18.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by insiders. </p><h2>UniFirst Stock Down 0.6%</h2><ul><li>Cintas’ $5.2B UniFirst Bid Ignites the Battle for Route Dominance</li></ul><p>NYSE UNF opened at $261.68 on Tuesday. The stock has a market cap of $4.73 billion, a P/E ratio of 35.46 and a beta of 0.66. The company's 50-day simple moving average is $252.27 and its 200 day simple moving average is $205.54. UniFirst Corporation has a twelve month low of $147.66 and a twelve month high of $283.77. </p><p>UniFirst (NYSE:UNF - Get Free Report) last posted its earnings results on Wednesday, April 1st. The textile maker reported $1.13 earnings per share for the quarter, missing analysts' consensus estimates of $1.21 by ($0.08). The business had revenue of $622.51 million during the quarter, compared to the consensus estimate of $614.91 million. UniFirst had a net margin of 5.49% and a return on equity of 6.49%. The business's revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 EPS.  Research analysts anticipate that  UniFirst Corporation will post 7.21 earnings per share for the current year. </p><h2>UniFirst Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.46 dividend on an annualized basis and a yield of 0.6%. UniFirst's payout ratio is presently 19.78%. </p><h2>UniFirst Company Profile</h2> (Free Report)<p>UniFirst Corporation <span>NYSE: UNF<span></span></span> is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments. </p><p>In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).</p><h2>Read More</h2><ul><li>Five stocks we like better than UniFirst</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVVORg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVVORg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in UniFirst Right Now?</h2><p>Before you consider UniFirst, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UniFirst wasn't on the list.</p><p>While UniFirst currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Cannon Global Investment Management LLC acquired 6,800 shares of UniFirst Corporation (NYSE: UNF) valued at approximately $1.31 million, making it the firm's 4th largest position. Other institutional investors have also increased their stakes in UniFirst. Analysts have mixed ratings on the stock, with price targets ranging from $198 to $280. UniFirst's stock recently opened at $261.68, with a market cap of $4.73 billion. The company reported earnings of $1.13 per share, missing estimates, and announced a quarterly dividend of $0.365 to be paid on June 26.</p>

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6,800 Shares in UniFirst Corporation $UNF Bought by Cannon Global Investment Management LLC