Papa John’s Refranchises 85 Restaurants to Pie Investments

Papa John’s International ( (PZZA) ) has shared an announcement.

On November 25, 2025, Papa John’s International announced the refranchising of 85 restaurants previously operated by Colonel’s Limited, LLC to Pie Investments, led by Chris Patel. This strategic move allows Pie Investments to expand its operations to over 150 restaurants, with plans to open 52 more by 2030, enhancing Papa John’s presence in the Northeast U.S. This transition marks a significant growth step for Pie Investments and aligns with Papa John’s strategy to empower franchisees and expand its market footprint.

The most recent analyst rating on (PZZA) stock is a Hold with a $42.00 price target. To see the full list of analyst forecasts on Papa John’s International stock, see the PZZA Stock Forecast page.

Spark’s Take on PZZA Stock

According to Spark, TipRanks’ AI Analyst, PZZA is a Neutral.

Papa John’s International’s overall stock score reflects moderate financial performance with significant leverage risks, bearish technical indicators, and a high valuation. Positive factors include strong international growth and strategic initiatives highlighted in the earnings call. However, challenges in North American sales and increased promotional activities weigh on the outlook.

To see Spark’s full report on PZZA stock, click here.

More about Papa John’s International

Papa John’s International, Inc. is a leading pizza delivery company, known for its commitment to high-quality ingredients and superior pizzas. Established in 1984, the company operates approximately 6,000 restaurants in about 50 countries and territories. It was the first major pizza chain to remove artificial flavors and synthetic colors from its menu.

Average Trading Volume: 1,723,554

Technical Sentiment Signal: Strong Sell

Current Market Cap: $1.33B

For detailed information about PZZA stock, go to TipRanks’ Stock Analysis page.