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Unifirst Corp (UNF): Royce & Associates Cuts Stake

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Chuck Royce‘s Royce & Associates recently filed a Form 13G with the Securities and Exchange Commission, in which it reported holding 1.33 million common shares of Unifirst Corp (NYSE:UNF), which amass 8.72% of the company’s outstanding stock. This represents a slight decrease in the firm’s stake, as Royce & Associates previously held 1.69 million shares, as disclosed in its latest 13F filing for the reporting period of March 31.

Unifirst Corporation is a company that produces protective work wear clothing and workplace uniforms. Since the beginning of the year, the company’s stock has gained 8.55%. In its latest financial report for the second quarter of fiscal year 2016, Unifirst Corporation (NYSE:UNF) reported earnings per share of $1.16, and revenue of $363.1 million, missing earnings per share estimates of $1.26 but topping revenue estimates of $362.6 million. Recently, Robert W. Baird lowered its rating on the stock to ‘Neutral’ from ‘Outperform”, as well as lowering its price target on it to $121 from $125. JPMorgan Chase & Co. recently reiterated its ‘Hold’ rating on Unifirst.

As per our database, there were 17 hedge funds that we track which had positions in Unifirst Corp (NYSE:UNF) at the end of March, down from 19 funds a quarter earlier. Besides Royce & Associates, the top investors of the stock included Joel Greenblatt’s Gotham Asset Management, with a position worth around $16.7 million, and Jim Simons’ Renaissance Technologies, which held a position valued at $16.4 million. Some other investors long the stock contained Greg Poole’s Echo Street Capital Management, Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors, and Cliff Asness’ AQR Capital Management.Chuck Royce

On the other hand, investors who lost interest in this stock and sold off their positions during the first quarter included Alexander Roepers’ Atlantic Investment Management, which dropped $4.3 million in shares, and Clint Carlson’s Carlson Capital, which said goodbye to a $4 million Unifirst holding.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Royce Associates 5 1,332,798 8.72%

Chuck Royce
Chuck Royce
Royce & Associates

Page 1 of 2 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
(Rule 13d-102)
Information statement pursuant to Rules 13d-1 and 13d-2

Under the Securities Exchange Act of 1934
(Amendment No.7)

UniFirst Corporation
(Name of Issuer)

Common Stock
(Title of Class of Securities)

904708104
(CUSIP Number)

Date of Event Which Requires Filing of this Statement: June 30, 2016

*The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be “filed” for the purpose of Section 18 of the Securities Exchange
Act of 1934 (“Act”) or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).

CUSIP No. 904708104 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Royce & Associates 52-2343049
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF 5 SOLE VOTING POWER
SHARES 1,332,798
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 1,332,798
PERSON 8 SHARED DISPOSITIVE POWER
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,332,798
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.72%
12 TYPE OF REPORTING PERSON
IA
CUSIP No. 904708104 13G
Item 1(a) Name of Issuer:
UniFirst Corporation

Item 1(b) Address of Issuer’s Principal Executive Offices:
Attn: Senior Vice President
68 Jonspin Road
Wilmington, MA 1887
Item 2(a) Name of Persons Filing:
Royce & Associates
Item 2(b) Address of Principal Business Office, or, if None, Residence:
745 Fifth Avenue, New York, NY 10151
Item 2(c) Citizenship:
New York Corporation
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
904708104
Item 3 If this statement is filed pursuant to rules 13d-1(b), or 13d-
2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 8 of
the Investment Company Act
(e) [X] Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or Endowment Fund
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1 (b)(ii)(G)
(h) [ ] Group
CUSIP No. 904708104 13G
Item 4 Ownership
(a) Amount Beneficially Owned:
1,332,798
(b) Percent of Class:
8.72%
(c) Number of shares as to which such person has:

(i) sole power to vote or to direct the vote
1,332,798

(ii) shared power to vote or to direct the vote
__________
(iii) sole power to dispose or to direct the disposition
of 1,332,798
(iv) shared power to dispose or to direct the
disposition of __________
Item 5 Ownership of Five Percent or Less of a Class. [ ]
Item 6 Ownership of More than Five Percent on Behalf of Another Person.

Various Accounts managed by Royce & Associates
have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the
sale of shares of the issuer.

The interest of one account, Royce Special Equity Fund an
investment company registered under the Investment Company
Act of 1940 and managed by Royce & Associates, LLC, amounted
to 890,000 shares or 5.82% of the total shares outstanding.
NONE
Item 7 Identification and Classification of the Subsidiary Which Acquired
The Security Being Reported on by the Parent Holding
Company.
NOT APPLICABLE
Item 8 Identification and Classification of Members of the Group.
NOT APPLICABLE
Item 9 Notice of Dissolution of Group.
NOT APPLICABLE
CUSIP No. 904708104 13G
Item 10 Certification.

By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with
or as a participant in any transaction having that purpose or effect.

Signature

After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement with respect
to it is true, complete and correct.

Date: July 06, 2016

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