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Varies for each company but typically it’s a good sign.
It sounds like a great sign to me. I very much doubt they're treating every single interviewee to lunch. The fact they asked you has to mean you're on the short list. Go enjoy yourself, good luck!!
I would assume if they aren’t serious, they wouldn’t be taking someone out for lunch. Or they just really like the excuse to go out for lunch. Either way, use it to your advantage and see if you are a good fit with them.
Conversation Starter
That is usually a strong sign. Companies rarely invest that time casually. It is often a culture fit check. Go in relaxed but professional. Be personable, ask questions, and treat everyone equally. Social settings still count as assessment.