Place the beets and water in a small saucepan, cover and bring to a boil. Reduce heat to medium-low and simmer about 20 minutes until tender. Remove, drain, reserve cooking liquid, and let the beets cool slightly.
Place all ingredients in a food processor or blender and blend until smooth and creamy. Place in a serving bowl, garnish with pistachios and serve with warm pita or raw vegetables.
Per serving - 153 calories, 9 g fat (51% calories from fat), 5 g protein, 14 g carbohydrate, 4 g fiber, 0 mg cholesterol, 198 mg sodium