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      "text": "Capital Allocation Strategy\nSources\nCash Flow\n< 0.5x Leverage\nUses\nAnnual Dividend 1\nDefend Balance Sheet\nMaintain Production\nDiscretionary",
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      "text": "Prioritize Highest Shareholder Returns\nResponsible Growth\nPursue \"burgers & beer\" opportunities and strategic partnerships where risk-adjusted returns exceed returns threshold\nConsolidation Opportunities\nEvaluate accretive acquisitions\nBuybacks\n$50MM stock repurchase program announced in December 2022\nDividend Growth 1\nConsider increase of cash returns to stockholders",
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