United Natural Foods (UNFI) is getting shellacked today. Shares of the distributor of natural and organic foods are down around 15%. The stock has been one of our Restaurants analyst team's favorite short ideas since 2017.
Late last month, Hedgeye CEO Keith McCullough also added it to Investing Ideas.
On a related note, Whole Foods was also one of our analysts' top long ideas. As you'll recall, Amazon eventually acquired the grocery store chain for a hefty premium from where pur analysts said get long.
Below is a brief video clip from March of 2017. In it, Hedgeye Restaurants analyst Shayne Laidlaw lays out the case for shorting United Natural Foods and buying Whole Foods.
