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Meet the Team

Restaurant Research LLC was founded by

Phil Mangieri and Wally Butkus in 2000


Philip Mangieri - Partner

Mr. Mangieri is the co-founder of Restaurant Research LLC.  He was formerly FMAC’s SVP and Director of Research where he managed the Research Group’s franchisor relationships, created research processes and policies and designed research products. Prior to FMAC, he served as the head of all restaurant and energy related research for Lehman Brothers’ Franchise Finance Group.

Phil's background also includes experience in equity research gained as a Vice President-Senior Research Analyst at Cowen & Company. He earned a Bachelors degree in economics from The College of William and Mary and an MBA from New York University where he graduated with honors.


View Phil Mangieri's profile on LinkedIn


Wally Butkus - Partner

Mr. Butkus co-founded Restaurant Research and has been involved in analyzing the restaurant industry for more than 20 years. He manages Restaurant Research's Industry Data Reports product, RR Thermometer Dashboard publication and client relationships.

Wally previously worked as a Senior Research Analyst at FMAC where he focused on restaurant industry and concept trends. He graduated summa cum laude from the University of Connecticut with a bachelor’s degree in finance.  

Phone: (860) 352-2198


 View Wally Butkus' profile on LinkedIn