Cracker Barrel on watch after BAML turns negative

• Bank of America Merrill Lynch whacks Cracker Barrel (NASDAQ:CBRL) with a downgrade to an Underperform rating.
• The ratings cut by BAML from a Neutral position arrives amid broad traffic pressure in the U.S. in the restaurant sector.
• Shares of Cracker Barrel are down 1.20% in premarket action.