1. Cook grits according to directions and set aside keeping warm.
2. In a large nonstick sauté pan, bring olive oil to medium high heat. Add cooked bacon, garlic, shallots, red pepper and shrimp.
3. Sauté and toss frequently for 2 minutes.
4. Add beef broth and heavy cream and cook for an additional 2-3 minutes.
5. Add pepper jack cheese and hot sauce to taste until combined and cheese starts to melt.
6. Serve over the warm grits in a bowl.
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