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Preheat the oven to 400F.
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Wrap the beets, thyme, garlic, and shallots in a large piece of aluminum foil but do not close all the way.
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Pour the 1 tablespoon of olive oil and water over the beets and season with salt and pepper.
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Roast the beets for 25 to 30 minutes or until a small paring knife can be inserted into the center of a beet with no resistance.
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Remove the beets from the oven and let cool slightly.
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Meanwhile, whisk the orange zest and juice, vinegar, Dijon and shallot in a medium mixing bowl.
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Slowly drizzle the olive oil in while whisking until fully emulsified, season to taste with salt and pepper.
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Cut the beets in quarters, arrange on the center of a serving platter with the orange segments, and drizzle the vinaigrette over and around the beets and oranges and serve.