[8] CEC Entertainment, Inc., Peter Piper Pizza's parent company, filed for bankruptcy in 2020 due to the significant financial strain brought on by the COVID-19 pandemic.

[9] CEC Entertainment emerged from bankruptcy in December under the ownership of its lenders, led by Monarch Alternative Capital.

[10][11] In March 2014, Peter Piper Pizza redesigned its logo utilizing a serif font face following an abstract design.

The new logo was created by WD Partners as part of an effort "to connect with Gen X and Millennial parents.

This version removes the dining rooms and arcades seen in the standard Peter Piper restaurants[15] A second location would open in Phoenix in June 2022.