Boston Beer Co. (SAM) Options Activity Surges Ahead of Earnings Report.

Boston Beer (SAM) options trading activity has increased ahead of its earnings report, with call options outpacing puts 9:4. Implied volatility indicates a 6.3% expected price movement, translating to $12.89. Analysts forecast an average target price of $245.15, a 21.28% upside from the current price of $202.13. The estimated GF Value for Boston Beer is $350.54, suggesting a 73.42% upside.

Boston Beer (SAM) has seen a surge in options trading activity ahead of its earnings report, with call options significantly outpacing puts at a ratio of 9:4. This heightened activity indicates investor anticipation and optimism surrounding the company's upcoming financial results. The implied volatility in the market suggests an expected price movement of approximately 6.3%, translating to a potential change of about $12.89 in the stock price following the earnings announcement.

Analysts have provided a range of price targets for Boston Beer. The average one-year price target is $245.15, with a high estimate of $328.00 and a low estimate of $187.00. This average target implies an upside of 21.28% from the current price of $202.13. Additionally, GuruFocus estimates that the fair value (GF Value) for Boston Beer is $350.54, suggesting a potential 73.42% upside from the current price.

The consensus recommendation from 16 brokerage firms is a "Hold" status, with an average brokerage recommendation of 2.9. This recommendation is based on a rating scale where 1 signifies a Strong Buy and 5 denotes a Sell. While the consensus is to hold the stock, the significant options activity and analyst price targets indicate that investors are closely monitoring the company's earnings report.

Boston Beer's second-quarter earnings report, released on Thursday, July 24, 2025, saw revenue of $587.95 million, missing analyst estimates of $596.43 million. However, earnings per share (EPS) came in at $5.45, beating estimates of $4.04 per share. The company also reported a 1.5% increase in total revenue due to increased pricing and favorable product mix, partially offset by lower volumes. Shipment volume decreased by 0.8% year-over-year to approximately 2.1 million barrels.

Despite the revenue miss, Boston Beer's earnings report was well-received, with the stock price rising by 7.67% in after-hours trading. The company's guidance for full-year 2025 earnings remains at $8 to $10.50 per share, and the gross margin guidance has been raised due to better-than-expected brewery efficiencies in the first half of the year.

The increased options activity and analyst forecasts suggest that investors are positioning themselves for potential price movements in Boston Beer's stock. As the company prepares to release its earnings report, investors should closely monitor the market's reaction to the financial results and any subsequent price changes.

References:
[1] https://www.gurufocus.com/news/3003033/earnings-anticipation-sparks-options-activity-in-boston-beer-sam-sam-stock-news
[2] https://www.benzinga.com/markets/earnings/25/07/46619220/boston-beer-q2-earnings-revenue-miss-eps-beat-truly-sam-adams-shipments-decline-but-overall-market-share-grows
[3] https://finance.yahoo.com/quote/SAM/options/
[4] https://seekingalpha.com/news/4471794-boston-beer-gaap-eps-of-5_45-beats-by-1_45-revenue-of-587_95m-misses-by-0_7m
[5] https://stockinvest.us/stock/SAM