It should usually be safe to do so, but I have read some rooted phones don't like being factory reset (I'm guessing there is some vital information stored on the internal storage that is tied to the rooting method that would get wiped during a FDR).
I don't think I see that your device has custom recovery available for it yet so you'll certainly want to be very careful in what root-related activities you do undertake without the safety net of being able to restore a recent Nandroid backup.
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