NEW YORK (TheStreet) -- Shares of Restaurant Brands Int'l  (QSR - Get Report)  were retreating on heavy trading volume mid-afternoon Monday as the company reported 2016 third-quarter results that beat analysts' expectations, but saw a year-over-year decrease in comparable-store sales at its Burger King and Tim Hortons restaurants. 

Before today's opening bell, Restaurant Brands said Burger King comparable-store sales rose 1.7% during the quarter, compared to an increase of 6.2% in the same quarter last year. 

Tim Hortons comparable-store sales increased 2.0% in the most recent period, while comparable-stores sales grew 5.3% during the third quarter of 2015. 

Restaurant Brands said 2016 third-quarter earnings came in at 43 cents per diluted share, above analysts' projected 40 cents per share. 

Revenue was $1.08 billion, beating Wall Street's expected $1.06 billion. 

In 2015, the Oakville, Canada-based company reported earnings of 32 cents per diluted share on revenue of $1.02 billion during the third quarter. 

Restaurant Brands CEO Daniel Schwartz said the company plans to open more Burger King locations in the U.S., calling it an "underpenetrated" market, according to MarketWatch

The company opened 16 new Burger Kings total in the U.S. and Canada in the 2016 third quarter.  

More than 519,049 of Restaurant Brands shares have traded so far today vs. the 30-day average volume of 333,565 shares.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rate Restaurant Brands as a Buy with a ratings score of B. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, expanding profit margins, impressive record of earnings per share growth and solid stock price performance. Although the company may harbor some minor weaknesses, the team feels they are unlikely to have a significant impact on results.

You can view the full analysis from the report here: QSR

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