We derive upper and lower bounds on the degree $d$ for which the Lovász $\vartheta$ function, or equivalently sum-of-squares proofs with degree two, can refute the existence of a $k$-coloring in random regular graphs $G_{n,d}$. We show that this type of refutation fails well above the $k$-colorability transition, and in particular everywhere below the Kesten-Stigum threshold. This is consistent with the conjecture that refuting $k$-colorability, or distinguishing $G_{n,d}$ from the planted coloring model, is hard in this region. Our results also apply to the disassortative case of the stochastic block model, adding evidence to the conjecture that there is a regime where community detection is computationally hard even though it is information-theoretically possible. Using orthogonal polynomials, we also provide explicit upper bounds on $\vartheta(\overline{G})$ for regular graphs of a given girth, which may be of independent interest.