UPDATE 1-SAC's Steven Cohen takes a slice of Domino's Pizza

* Cohen reports 5.3 pct passive stake

* Domino’s shares up 2.4 pct in extended trade

Jan 24 (Reuters) - Hedge fund magnate Steven Cohen reported a 5.3 percent passive stake in Domino's Pizza Inc DPZ.N, sending its shares up 2.4 percent after the bell.

Cohen, founder of hedge fund SAC Capital, owns 3.2 million shares of the pizza delivery chain, according to a filing with the U.S. Securities and Exchange Commission.

Domino’s, whose shares have gained about 48 percent over the past year, has been benefitting from a new pizza recipe in the United States and has seen its same-store sales soar.

Shares of the Ann Arbor, Michigan-based company were up 2.4 percent at $16.95 in trading after the bell. They closed at $16.55 on Monday on the New York Stock Exchange. (Reporting by Abhishek Takle in Bangalore; Editing by Don Sebastian)