Not if they are intelligent enough to hit on the idea that they can raise their food source instead of only hunting for it. You are talking about an intelligent species that is capable of planning future actions, right? At least I would include the ability of thinking of and planning future actions in the definition of intelligent.
What I'm wondering is if they would live to reach that point.
Possibly we are imagining different levels of intelligence. Lions are intelligent enough to plan and execute hunting strategies but I was thinking of intelligence as being a bit more. Lions can go days without a successful hunt even during periods when their prey is plentiful. They go hungry until they do have a successful hunt.
Hunting (even today with high power rifles) quite often goes without success. I would think that an intelligent species would consider how they could eat during the days that their hunts were not successful. Humans were fortunate as they could eat vegetation so didn't have the pressure to find a reliable food source of meat for when their hunts failed. However, there were groups that did resort to raising goats, rabbits, or guinea pigs as food sources. Once a species had the idea of keeping live animals as a fallback plan, it should be quickly realized that the resource was much less dangerous and difficult than hunting. Intelligent species, to my way of thinking of intelligence, would be those species that can find novel solutions, even better, solutions that require less effort.
In effect, I would consider an intelligent species to be a species that at least had a fallback plan for nourishment for those days (even during the boom times for prey animals) when the hunt was unsuccessful. Lions just go hungry until a successful hunt since they have no backup plan.
That has nothing to do with what I'm talking about.
What I'm picturing is late hunter gatherer (although an obligate carnivore isn't going to gather) stage. We saw what happened to humans then: We wiped out most all the megafauna, groups would hunt out the area they were in and have to move on. An obligate carnivore can't make up for a lack of hunting by gathering, you will reach a point the various bands hunt the area out. They have the intelligence to track down prey far better than an animal could, the cycle will be far more extreme. Humans killed off many species, will they kill everything big enough to be worth hunting?