According to Papa John's Stock Performance Graph and its Income Statement, how did the stock price of Papa Johns change from Dec 2016 to Dec 2020?

A. Flat from Dec 2016 to Dec 2018, increase in 2019 and 2020

B. Increase from Dec 2016 through 2020

C. Increase from Dec 2016 to Dec 2018, decrease in 2019 and 2020

D. Decrease from Dec 2016 to Dec 2018, increase in 2019 and 2020

Stock Performance Graph The following performance graph compares the cumulative shareholder return of the Company's common stock for the five-year period between December 27, 2015 and December 27, 2020 to (i) the NASDAQ Stock Market (U.S.) Index and (ii) a group of the Company's peers consisting of U.S. companies listed on NASDAQ with standard industry classification (SIC) codes 5800-5899 (eating and drinking places). Management believes the companies included in this peer group appropriately reflect the scope of the Company's operations and match the competitive market in which the Company operates. The graph assumes the value of the investments in the Company's common stock and in each index was $100 on December 27, 2015, and that all dividends were reinvested. 300 200 100 0 Dec. 27, 2015 100.00 100.00 100.00 Dec. 25, 2016 159.09 110.54 103.59 Dec. 2017 103.84 140.85 104.77 Dec. 30, 2018 76.17 137.47 114.02 Dec. 29, 2019 123.64 189.25 151.50 Dec. 27, 2020 169.86 269.76 177.22 Papa John's International, Inc. NASDAQ Stock Market (U.S. Companies) NASDAQ Stocks (SIC 5800-5899 U.S. Companies) Eating and Drinking