BOSTON ( TheStreet) -- U.S. indices declined for a third straight day. These stocks bucked the trend and hit 52-week highs.

3. CEC Entertainment ( CEC) rose 2.5% to $35.35. Shares of the restaurant owner and franchiser jumped 9.3% during the past month.

The numbers: Third-quarter profit increased 28% to $13 million, or 55 cents a share, as revenue declined 2% to $198 million. CEC's gross margin inched up from 40% to 41%, but its operating margin was unchanged at 12%. CEC holds $16 million of cash, translating to a weak quick ratio of 0.5. Its debt-to-equity ratio of 2 is higher than the industry average, suggesting excessive leverage.

The stock: We rate CEC Entertainment "hold." The stock advanced 52% during the past year, outpacing the Dow Jones Industrial Average and S&P 500 Index. Shares trade at a discount to the restaurant peer group, based on trailing earnings, projected earnings, book value, sales and cash flow per share. But our model gives CEC sub-par scores for its volatility and financial strength.

2. Astoria Financial ( AF) climbed 1% to $13.35. Shares of the savings and loan company increased 4.4% during the past month.

The numbers: Astoria swung to a third-quarter profit of $8.1 million, or 9 cents a share, from a loss of $16 million, or 18 cents a share, in the year-earlier period. Revenue ascended 20% to $262 million. Astoria's gross margin widened from 18% to 28%, and its operating margin climbed from negative territory to 9%. The company possesses adequate liquidity, with $133 million of cash. Its 4.8 debt-to-equity ratio indicates excessive leverage.

The stock: We rate Astoria Financial "hold." The stock gained 16% during the past year, less than major U.S. indices. Its shares are undervalued relative to the thrifts and mortgage finance peer group, based on all of our valuation measures. But negative three-year growth rates and a volatility score of 2.8 out of 10 undermine the stock's value proposition.

1. Southwest Airlines ( LUV - Get Report) were unchanged at $11.68, following an upgrade at Raymond James ( RJF). Shares of the airline rose 2% during the past month.

The numbers: Southwest swung to a fiscal fourth-quarter profit of $115 million, or 16 cents a share, from a loss of $56 million, or 8 cents a share, in the year-earlier period. Revenue declined marginally to $2.7 billion. Southwest's gross margin rose from 21% to 25%, and its operating margin expanded from 3% to 6%. Southwest has a stable financial position, evident in its quick ratio of 1 and debt-to-equity ratio of 0.6.

The stock: We rate Southwest "hold." The stock has increased 19% during the past year, underperforming major U.S. indices. Shares are expensive relative to those of other airlines, based on trailing earnings and cash flow. They're fairly valued based on sales. Southwest receives weak scores from our model for its growth and volatility.

-- Reported by Jake Lynch in Boston.