Roger Gracie will not get a second UFC fight. The Strikeforce middleweight made the crossover to the UFC earlier this year, and the highly regarded BJJ wizard made his debut against Tim Kennedy at UFC 162. Gracie took round 1 but that was the extent of his success, as he lost the decision and now he's lost his place in the UFC. Ivan Raupp of Combate.com confirms that Gracie's UFC fight was the last one on his four-fight contract, which was a continuation of his Strikeforce deal, and his performance was apparently not worthy of a contract renewal.
According to the article, Gracie (6-2) is considering a return to light heavyweight after several fights at middleweight. He started his MMA career at heavyweight.
If you're keeping score on the success of the Gracie family in Zuffa-era UFC, none of them has won a fight. Royce Gracie lost to Matt Hughes at UFC 60, Rolles Gracie was TKO'ed by Joey Beltran at UFC 109, Renzo Gracie was stopped by Hughes at UFC 112, and now Roger Gracie joins the list with his loss to Tim Kennedy.
The next question is obviously where Roger Gracie will land next. World Series of Fighting has Gregor, Igor, and Rolles Gracie on the roster, so that's a significant possibility. Raupp's article also suggests that Roger's camp is interested in potentially joining Bellator.