Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Billionaire founder of Raising Cane's Chicken Fingers: One ‘stupid' strategy nearly cost me my business [CNBC]

Pinnacle Financial Partners, Inc. (PNFP) 
Last pinnacle financial partners, inc. earnings: 4/20 06:00 pm Check Earnings Report
Company Research Source: CNBC
Today, the co-CEO and founder of Raising Cane's is worth an estimated $9.5 billion , according to Forbes, thanks to his over 90% ownership stake in the company. But getting there was no easy feat . He had to work 90-hour weeks in an oil refinery and fish for salmon in Alaska just to raise enough capital to open the restaurant's first location. When he was growing the chain, Graves said he took out loans with private investors at a 15% interest rate. He then took the borrowed cash to community banks, which treated the debt as equity, allowing him to secure even larger loans, he told the “How I Built This” podcast in 2022. It was a risky decision that nearly ended up costing him the business. When Hurricane Katrina shut down 21 of 28 of his stores in the Baton Rouge area in 2005, it temporarily shut off the flow of revenue Graves needed to avoid defaulting. “I tell entrepreneurs, ‘Don't do that,' because my dream almost just went away,” Graves told the “Trading Secrets” podcast i Show less Read more
Impact Snapshot
Event Time:
PNFP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for PNFP alerts
Opt-in for
PNFP alerts

from News Quantified
Opt-in for
PNFP alerts

from News Quantified