Ark Restaurants - Upgrades & Downgrades

TheStreet Ratings released rating changes on six U.S. common stocks for September 22, 2010. Just two stocks were downgraded and four stocks have been upgraded by our stock model.
Author:
Publish date:

NEW YORK (

TheStreet

) -TheStreet Ratings' stock model upgraded

Ark Restaurants

(ARKR) - Get Report

to 'Buy' from 'Hold'. Net income at this $50 million market cap, New York City based restaurant group grew by 83% in fiscal third quarter ending July 3 to $2.9 million over the same quarter the prior year.

TheStreet Ratings released rating changes on five additional U.S. common stocks for September 22, 2010. In total, only two stocks were downgraded and four stocks have been upgraded by our stock model.

Fiscal third quarter revenue at Ark Restaurants increased by 13% to $35 million over the third quarter of 2009. Ark Restaurants paid its regular quarterly dividend last week of 25 cents per share or a current annual dividend yield of 6.9%. The loosening of corporate expense accounts and family budgets allows for more frequent restaurant dining. Learn more about Ark Restaurants:

Company Profile

,

Income Statement

,

Balance Sheet

,

Stock Ratios

,

Analyst Ratings

.

In a one-day reversal by our stock model,

Aetna Inc

(AET)

shares returned to 'Hold' from 'Buy'. The dividing line between yesterday's 'Buy' rating of B-minus and today's 'Hold' rating of C-plus is a narrow one for this profitable company. Learn more about Aetna:

Company Profile

,

Income Statement

,

Balance Sheet

,

Stock Ratios

,

Analyst Ratings

.

-- Reported by Kevin Baker in Jupiter, Fla.

For additional

Investment Research

check out our Ratings Research Center.

Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.