Shake Shack names Papa John's chief as its CEO

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KeyBanc Reiterates Overweight Rating on Papa John's (PZZA)

March 21, 2024 11:57 AM EDT

KeyBanc analyst Eric Gonzalez reiterated an Overweight rating and $84.00 price target on Papa John's (NASDAQ: PZZA).

The analyst commented, "Earlier today, Papa Johns announced President and Chief Executive Officer Rob Lynch will be leaving the Company to assume the role of CEO at Shake Shack. Concurrently, Papa Johns announced that the Board of Directors has appointed Ravi Thanawala, the Companys current Chief Financial Officer, as Interim CEO effective immediately. The Company also... More