10:15 AM EDT, 07/13/2026 (MT Newswires) -- Papa John's International (PZZA) may see increased near-term uncertainty due to the recent departure of Ravi Thanawala as the company's chief financial officer, particularly at a time when Papa John's is trying to execute a turnaround, BofA Securities said in a Monday note.

With competition intensifying in the pizza segment, BofA said it is lowering its Q2 same-store sales estimate to -6.7% from -6.4% for the North America segment and to 2.5% from 3.5% for the international segment.

BofA also cut its adjusted EBIDA estimate to $199 million from $204 million previously, compared with full-year guidance of $200 million to $210 million.

BofA lowered its rating on the company's stock to underperform from neutral and adjusted its price target to $34 from $42.

Price: 32.52, Change: -0.97, Percent Change: -2.91