Cava IPO sets high expectations for future restaurant stocks.

Bankers are optimistic that Cava's successful IPO could signal the beginning of a new bull market and encourage more companies to go public. M&A advisers hope this will lead to a turnaround in banking revenue and bonuses. However, some market-watchers are cautious and want to see more successful IPOs before declaring a new trend. Cava's stock price almost doubled at the open, but some believe it could follow the path of Sweetgreen, which debuted high but has since dropped in value.