After the New York Post claimed that 3G Capital was "seriously" considering a bid for Panera Bread to rival the deal struck with JAB Holdings, which David Faber subsequently disputed, Maxim analyst Stephen Anderson weighed in on the same side as CNBC's lead M&A reporter. As rationale for his view, Anderson noted that JAB and 3G traditionally have been seen as allies, Panera would have to pay a $215M termination fee, and 3G's Restaurant Brands (QSR) is still digesting its recent acquisition of Popeyes. Anderson keeps a Hold rating and $315 price target on Panera shares, matching JAB's agreed upon deal price.