Yes. The matrix is a cyclic shift operator on three coordinates. Since are the three standard basis vectors, no polynomial of degree below three annihilates . Also , so its minimal polynomial is . Over the complex numbers this has the distinct roots , where . The minimal polynomial criterion for diagonalizability therefore proves diagonalizability.
Explicitly, satisfies when . These three eigenvectors form an eigenbasis. This is a special case of diagonalization of a cyclic shift over a field.