Is it true that a Hadith states that whoever eats too much will be punished with the squeezing of the grave?

There is no hadith indicating that whoever eats excessively will be punished by the squeezing of the grave. The mentioned hadith about Sa'd ibn Mu'adh and Yahya ibn Zakariyya, and that they were squeezed in their graves due to gluttony, is a rejected (munkar) and problematic (mu'dal) hadith. Prophets are not squeezed in their graves.