Panera Bread is slipping after management declined to provide earnings guidance beyond the end of the year. The bakery chain said the recent rollout of new initiatives, including an investment in its online presence, would mean choppy earnings growth in the near- and medium-term. Such uncertainty wasn't what analysts were hoping for. In response, Wunderlich downgraded the stock to "hold" from "buy" and slashed its price target, while Deutsche Bank cut its fiscal 2014 EPS forecast.

More from Video

The CEO of Wall Street Disruptor Symphony Reacts to Tuesday's Market Declines

The CEO of Wall Street Disruptor Symphony Reacts to Tuesday's Market Declines

60 Seconds: What is the Yield Curve and Why is it Screaming Recession?

60 Seconds: What is the Yield Curve and Why is it Screaming Recession?

Coke Has Figured Out How to Stay Relevant (Watch)

Coke Has Figured Out How to Stay Relevant (Watch)

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Video: Jim Cramer on Rising Interest Rates, Trade Worries & Caterpillar

Video: Jim Cramer on Rising Interest Rates, Trade Worries & Caterpillar