Jim Cramer's Stop Trading: DRI

NEW YORK (TheStreet) -- Barington Group wants a new CEO to run Darden Restaurants (DRI). The shareholder says the stock will go higher if the current CEO, Clarence Otis, is replaced. 

TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, agrees, saying that "a change at the top would be very meaningful." 

The stock could climb $5 per share if the company announced Otis's resignation, he said. Cramer doesn't agree with Darden's plan to spin off its Red Lobster restaurants but thinks a management change would be more effective. 

Cramer acknowledged that Otis used to be a star, but "the times change." Comparable-store sales of -8% for Red Lobster and -5% for Olive Garden are "not tenable," Cramer concluded. 

- - Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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