Takeaway: Please note we are removing UNFI (short) from Investing Ideas today.

Since we added United Natural Foods (UNFI) to Investing Ideas about a month ago, shares are down -6.5% versus a -2% decline for the S&P 500. "Book the gain," says Hedgeye CEO Keith McCullough. "I may revisit on a bounce."

No change to Hedgeye Consumer Staples analyst Howard Penney's fundamental research call on the company. Click here to read the original United Natural Foods stock report.