RBC Capital Studies Big vs. Small Restaurants

Analyst David Palmer discusses some of the advantages privately held In-N- Out, 
Chick-fil-A, and Culver's have over larger chains.

Understandably, David doesn't' mention the biggest advantage these three chains 
have - they don't have Wall Street leading them around like a dog on a leash.

And he should have mentioned Chick-fil-A's "operator on premise" policy.

RBC Capital's report on restaurant consumer attitudes
.